DATA/USDT { STREAMR DATACOIN } - BULLISH SETUP
ANALYSIS 🔎
- DATA/USDT brokeout above the symmetrical triangle's inclined resistance as expected from my previous analysis.
- This is a bullish signal.
- Price then hit a swing high (@0.223) and retraced.
- Price is retesting the key fibonacci retracement zone (0.5 - 0.618 - 0.786) and symmetrical triangle's inclined resistance.
- There's a high concentration of buyers at this zone.
- There's an uptrend continuation potential.
BUY ENTRY ⬆️
- Current market price.
TARGETS 🎯
- Horizontal resistance level (@0.16554).
- Horizontal resistance level (@0.22300).
- Horizontal resistance level (@0.25863).
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level (@0.13097).
- DATA/USDT brokeout above the symmetrical triangle's inclined resistance as expected from my previous analysis.
- This is a bullish signal.
- Price then hit a swing high (@0.223) and retraced.
- Price is retesting the key fibonacci retracement zone (0.5 - 0.618 - 0.786) and symmetrical triangle's inclined resistance.
- There's a high concentration of buyers at this zone.
- There's an uptrend continuation potential.
BUY ENTRY ⬆️
- Current market price.
TARGETS 🎯
- Horizontal resistance level (@0.16554).
- Horizontal resistance level (@0.22300).
- Horizontal resistance level (@0.25863).
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level (@0.13097).
