📊DATA Textbook E/Waves in a S/TriangleThis is almost a perfect textbook example of Elliot Waves inside of a symmetrical triangle/bullish pennant (whatever you want to call it, I don't know)
The price is getting squeezed inside of the formation and is going to be forced to make a move either up or down.
Given the previous uptrend which had its peak on 7th of April 2021, this is considered to be a continuation pattern with higher odds of breaking out to the upside.
I'm scaling in with some longs!
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About Streamr DATAcoin:
Streamr DATAcoin is an off-chain network focused on data monetization and exchange. As an off-chain component, Streamr’s system will work alongside blockchains–at this point, it’s built on and for Ethereum. It will utilize smart contracts to allow machines and individuals to trade data across its network.
Essentially, the network will facilitate a marketplace that allows anyone to publish or consume data. The Streamr team believes it will break the data monetization mold big businesses have set with cloud services.
Source: coincentral.com
DATAUSDT
📊 StreamrDATA-- Macro ViewHere's macro view of BINANCE:DATAUSDT
-- No comment needed I guess --
>> See my previous publication for local view
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Streamr DATAcoin is an off-chain network focused on data monetization and exchange. As an off-chain component, Streamr’s system will work alongside blockchains–at this point, it’s built on and for Ethereum. It will utilize smart contracts to allow machines and individuals to trade data across its network.
Essentially, the network will facilitate a marketplace that allows anyone to publish or consume data. The Streamr team believes it will break the data monetization mold big businesses have set with cloud services.
Source: coincentral
DLong
DATA/USDT { STREAMR DATACOIN } - BULLISH SETUPANALYSIS 🔎
- DATA/USDT is consolidating in a symmetrical triangle pattern .
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the symmetrical triangle's inclined resistance.
- Limit entry: test of the symmetrical triangle's inclined support.
TARGETS 🎯
- Horizontal resistance level (@0.18279).
- Horizontal resistance level (@0.25863).
- Horizontal resistance level (@0.32000).
SETUP INVALIDATION ❌
- Breakdown below the symmetrical triangle's inclined support.
Streamr DATAUSDT - Symmetrical triangle / bull flag +1000%- DATA is currently consolidating in the symmetrical triangle.
- After that, explosive move will folow.
- Bullish volume is higher and RSI is prepared.
- Profit target is 1.618 FIB extension.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
💥DATA - LONG TO $0.16 OR SHORT TO $0.1Please support this idea with a LIKE👍 if you find it useful🥳
Current market price of Datausdt is $0.12. As we can see, price is in an uptrend channel with an inner trendline serving as support.
If support holds, we go long to $0.16 but if it doesn't, price will fall to $0.1.
What do you think?
Share your opinion in the comment section✍️
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Happy Trading💰🥳🤗
DATAUSDT DESCENDING TRIANGLEDatausdt has been bullish since the bounce from the key support level and it has also been following an ascending channel as analysed on chart. This chart is extracted from the full chart of my previous analysis on data forming a descending triangle. The next move is directed towards the descending trendline of the triangle. A breakout will verify an uptrend to the peak of the pattern.
Entry price is btw $0.123 - $0.13
Price targets - $0.154 - $0.171 - $0.183 - $0.198
Stop loss - $0.12.
Your likes and opinions would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates
DATA USDT DESCENDING TRIANGLEData has been consolidating with huge bulls and bears in a descending triangle for months, price also bounced at the support zone with a formation of a double bottom pattern showing a bullish sign of a probable impulse move to the descending trendline of the triangle just like the old times. Based on past candles movement, data is known for swift impulsive uptrend anytime there's a formation of a bullish pattern. A huge is expected very soon. Hold Strong.
All info on different price targets have been provided on chart with a rectangle box and a trend line. Observe well before taking position.
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DATAUSDT TRENDDatausdt continues to trade below the broad rising channel in related posts. Data is having hard time to break inside the channel, the current support signifies a good entry zone and a break above with a retest would ratify an impulsive move to the upside.
Your likes and comments would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates.
DATA 2ND WAVE CONT.Data continues the previous consolidation after a breakout from the downtrend and now, datausdt is forming a double top pattern which implies a possible bearish move, if resistance can be broken data will commence an uptrend to the specified target and in the event data looses support, we'll see data swings in the green zone.Your likes and comments would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates.
DATAUSDT 2ND WAVEDatusdt made a downward impulsive move to its previous resistance which is now acting as support. It has successfully retested and it's in accumualtion phase to go to the moon. The new support zone is a perfect entry to long and you can check my previous post at the bottom of the page for full sketch of long position. Your likes and comments would be much appreciated, you can follow up for more helpful contents.
DATAUSDT DOUBLE BOTTOMDatausdt has been down for days due to the rejection at the higher high, it's now clearly showing a bullish sign with a double bottom pattern for another impulsive move. There is a dynamic resistance in red that'd confirm its bull run to a new higher high if broken, I'd take a long position after the confirmation. Your likes and comments would be much appreciated, you can follow up for more helpful contents.
DATA - Trade SetupThere are sell volumes on the market for DATA, so be careful.
Those 2 support areas can hold the price up. if you're into opening long positions, here is a setup for you.
Wait for the price to cross that resistance area and right after the closure of the first 4H candle above that line, open your long positions and aim for that TP.
I'll keep this chart updated.
Current Market Price: $0.09696
Good Luck
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DATA - $0.7775DATA is currently trading above the support of $0.1616 and below the resistance of $0.2098. If the resistance of $0.2098 can be broken we could see a move towards $0.2430. Clearing $0.2430 and flipping it to support could lead to a move towards $0.2669, $0.3265, $0.4988 and $0.7775.
Failure to break the resistance at $0.2098 could lead to a drop towards $0.1616 and $0.1304.
D
DLong






















