Streamr (DATA) - Bullish divergence

10 Eki 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 Eki 2023

İşlem aktif

GRM support was confirmed at publication.

26 Eki 2023

Not

resistance no more, sellers exhausted

10 Kas 2023

Not

Past resistance confirmed as support.

30 Kas 2023

Not

Act.

19 Ara 2023

İşlem aktif

23 Ara 2023

Not

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

İşlem aktif

Past resistance becomes support. 300% so far.

Weak emotional hands, I salute you.

Everyone else, another 200% until resistance.

2 Kas 2024

İşlem elle kapatılmış

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