Hello my fellow cryptocurrency trader, another beautiful day today.
Looking at Streamr Datacoin, one of the many low market capitalization altcoins, we have some interesting signals.
While the big market capitalization altcoins printed a lower low after 12-May, the smaller ones are printing higher lows... Giving us a very important and revealing signals.
Streamr (aka: DATA) has been on my radar a lot recently. Shorter timeframes have been showing greater than usual activity suggesting a lot of accumulation going on, zooming out to the daily chart it's easy to see why that may be. Although not a project that pops up in news feeds too often, Streamr is active and currently in the process of a token migration which...
We have the fake breakdown/stop-loss hunt last week for DATABTC.
Today, we can see a strong recovery.
The stop-loss hunt is the final drop before the bullish jump.
Expect higher prices and this and many other Altcoins.
Streamr(DATA) is launching new features in 2022 including staking data coins. This is a web 3.0 project (decentralized P2P real-time data pub/sub network) which you can create nice applications. 130K nodes have participated in the recent testnet, which shows good community support. In addition, according to the CEO the latency was only 350ms. This is a promising...
but at suport line about 0.00000196-200
.i think as soon as data pump at suport line to resistance line. 500% profit in short time . if data break suport line move to 0.00000119 then put sl at 0.00000180
Here is another altcoin pair where we can see its price trading above all of the Moving Average lines (EMAs/MA).
We just looked at this signal on the STORJBTC article (see Related trade ideas below).
In a nutshell, we are bullish above these lines.
We can see around 120% or even up to 250% in several weeks/months, this part varies wildly, the time period....
A low risk high reward play here with DATA/BTC, we have a good support from the trendline combined with the moving average, risk/reward is around 4.8.
Remember your risk management when trading crypto.
$data had a good run yesterday after 2nd test of fib .0236 turned into break of this level straigt to fib .382. It retraced and tested a support level of 357 two times, if it keeps above that it for 3rd time and move up it could mean another test of fib .382 and maybe even close above. Again depending on btc run and mainly btc.d (but if that bounces alts could...