Streamr (DATA) - Bullish divergence

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%

Giao dịch đang hoạt động:

GRM support was confirmed at publication.

Bình luận:

resistance no more, sellers exhausted

Bình luận:

Past resistance confirmed as support.

Bình luận:

Act.

Giao dịch đang hoạt động

Bình luận:

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.

Giao dịch đang hoạt động:

Past resistance becomes support. 300% so far.

Weak emotional hands, I salute you.

Everyone else, another 200% until resistance.