Hi 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...
We 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).
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...
DATA 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 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
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
