Streamr (DATA) - Bullish divergence

10 Okt 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 Okt 2023

Dagangan aktif

GRM support was confirmed at publication.

26 Okt 2023

Nota

resistance no more, sellers exhausted

10 Nov 2023

Nota

Past resistance confirmed as support.

30 Nov 2023

Nota

Act.

19 Dis 2023

Dagangan aktif

23 Dis 2023

Nota

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 Mac

Dagangan aktif

Past resistance becomes support. 300% so far.

Weak emotional hands, I salute you.

Everyone else, another 200% until resistance.

2 Nov

Dagangan ditutup secara manual

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