Data is trading in a wide BEARISH CHANNEL, price just bounced off the bottom side of the channel.
Possible Entry is clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE
GREEN: SELL TARGETS
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DATABTC on Binance is the next altcoin to explode with massive gains.
Many altcoins are doing really good numbers, such as PIVXBTC which hit 3 our targets today generating over 55% profits. But DATA took it to the next level, 180% jump in price.
We are seeing these coins hold very well after their breakout and all of the Binance coins continue to create higher...
3 Reasons for setup:
Location: Within RLZ
Momentum: Just coming off a Bullish divergence, We got W's confirmed in OBV and Willy.
Structure: Double bottom confirmed, entry at confirmation.
Profit Objective 2:1 R/R min. Aim for 50% retracement for higher gains if patient enough hehe ;) . (The blue dotted line is the 50% target)
Data/btc possible next pump. If price respects trend line new higher low will be formed confirming trend is still valid. If trend line is broken position will be sold. RSI is very low and crossing up.
DataCoin trading presently at all time low, which acting as a strong support. Possible reversal is expected there.
Entry and exit targets are clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE
RED: STOP LOSS LEVEL
GREEN: SELL TARGETS
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Please do click on like icon and share our idea.
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