Streamr (DATA) forming a bullish Cypher | A good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of Streamr (DATA) with BTC pair.
Below was our last successful trade of DATA:
Now on a 4-hr time frame, DATA is about to complete the final leg of a bullish Cypher pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Streamrdatacoinbtc
Trend Reversal1) EMA 50 x EMA 200 crossed
2) 280 days downtrend breakout
3) Pennant breakout
Target: 275 sats
Elliott Waves working on 4h chartWe could see the first elliott wave completed!
The top chart's blue line is a big resistance (275 days downtrend).
If we see this channell broking, I expect a BIG MOVEMENT (second Elliott Wave). Keep your eye open.
DATA is near to trend reversal (bearish to bullish).
Falling Wedge breakout + Golden CrossDecision time for Streamr Datacoin.
If the price consolidates above the golden cross, we will have a trend reversal.
Target: U$0,10
250 days RSI breakout ready to go!250 DAYS RSI breakout is VERY CLOSE!
1 - Strong resistance at 200 EMA (400sats , at this moment)
2 - Strong resistance at red downtrend line - 380 sats , at this moment.
3 - Strong resistance at red RSI line (51 level, at this moment)
Entry opportunity:
1 - If daily RSI broke the resistance line (red line).
2 - If daily candle close above to 380-400 sats.
NOTE: I believe in STREAMR DATACOIN in long term.The best opportunity is entry in early phase (RSI breakout).
The second opportunity (daily candle closing above 380-400, will put STREAMR to the next level!
Cheers
DATA 4h chartDATA Information:
1 - Accumulation zone: 525 - 715 sats
2.1 - First support: 525 sats
2.2 - Second support: Bottom of red line
3.1 - First resistance: Top of red line
3.2 - Seccond resistance: 715 sats (top of accumulation zone)
4 - We have strong resistance in the RSI (red line)
Streamr Datacoin Daily AnalysisStreamr DATAcoin Daily Analysis:
1 - Accumulation zone still at: 525 - 715 sats
2 - Strong support at EMA 200: 505 sats
3 - Strong resistance: 60 RSI (red line)
4 - Daily RSI breaking above 60 level: great movement will be expected
#DATA/BTC (June 03)After increasing sharply from 100sts to 1100sts, DATA is now turning to a downtrend and of course holding DATA in this period is not a good idea.
DATA has a very strong resistance zone of 700-750sts and I think DATA will form a Head & Shoulders pattern in June and fall off 528sts to hit the support area of 400-425sts
