Streamr (DATA) - Bullish divergence

10 paź 2023

On the above 5-day chart price action has corrected over 90% since April 2021. Now is a good opportunity to go long. Why?

1) Price action and RSI resistance breakouts.

2) Price action finds support on past resistance.

3) Strong positive divergence between price action and multiple oscillators. This divergence occurs over a 90 day period as was the previous.

4) The flagpole measures out at 800% to target.

Is it possible price action could fall further? Sure.
Is it probable? No.

Ww

Type: trade
Risk: <=6% of portfolio
Timeframe for long: now
Return: 800%

10 paź 2023

Zlecenie aktywne

GRM support was confirmed at publication.

26 paź 2023

Uwaga

resistance no more, sellers exhausted

10 lis 2023

Uwaga

Past resistance confirmed as support.

30 lis 2023

Uwaga

Act.

19 gru 2023

Zlecenie aktywne

23 gru 2023

Uwaga

Following the 200% move of this week (where profits should have been taken if you're a swing trader) the resistance breakout from 0.031 price action now must confirm support. That support test is still a 40% correction away.

19 mar 2024

Zlecenie aktywne

Past resistance becomes support. 300% so far.

Weak emotional hands, I salute you.

Everyone else, another 200% until resistance.

2 lis 2024

Zlecenie zamknięto ręcznie

50% drop is likely to print in the coming weeks for this token.