Streamr (DATA) - Bullish divergence

10 ott 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 ott 2023

Trade attivo

GRM support was confirmed at publication.

26 ott 2023

Nota

resistance no more, sellers exhausted

10 nov 2023

Nota

Past resistance confirmed as support.

30 nov 2023

Nota

Act.

19 dic 2023

Trade attivo

23 dic 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 mar 2024

Trade attivo

Past resistance becomes support. 300% so far.

Weak emotional hands, I salute you.

Everyone else, another 200% until resistance.

2 nov 2024

Trade chiuso manualmente

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