DATABTC trade ideas
DATA entered in PRZ areaThe price action is likely to form a harmonic and entered in buying zone.
The 200 and 50 MAs are below the buying zone and expected to make golden cross.
The targets are:
Buy between: 0.00000582 to 0.00000514
Sell between: 0.00000635 to 0.00000791
Regards,
Atif Akbar (moon333)
DATABTC another buying opportunityThe DATA has completed the formation of last leg of gartley and entered in potential reversal zone.
The price action can hit the sell targets at any time insha Allah.
The targets are:
Buy between: 0.00000582 to 0.00000515
Sell between: 0.00000634 to 0.00000760
Regards,
Atif Akbar (moon333)
DATA-BTC Long Trade PlanCommodity : STREAMR DATACOIN
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-2 weeks
Investment in trade : 10% of the total Trading Balance.
Prospective Profit : 5.9% to 15.4%
Prospective Loss : 3.5%
RRR : SL to TP1 is 1.65, SL to TP2 is 2.71, SL to TP3 is 3.47 and SL to TP4 is 4.29
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)
DATA parallel channelOK. So far BTC situation isn't clear at all. It means it can go up or down any moment. Up will take it to 3700 at least and down to 3500. Alts will follow. So this is bullish scenario with tight SL as a must.
DATA moving within parallel channel accumulating for future move. Support zone in the middle is at 485-495. Final resistance before breakout is at ~530-540. Once broken price will move fast towards 595 (+10% profit from breakout zone), but I'll be targeting 650 which is over 20% profit. Stop loss below 480 with small timeout in case of sudden spikes.
Not a financial advise. Trade on your own risk.