๐DATA Textbook E/Waves in a S/Triangle
This is almost a perfect textbook example of Elliot Waves inside of a symmetrical triangle/bullish pennant (whatever you want to call it, I don't know)
The price is getting squeezed inside of the formation and is going to be forced to make a move either up or down.
Given the previous uptrend which had its peak on 7th of April 2021, this is considered to be a continuation pattern with higher odds of breaking out to the upside.
I'm scaling in with some longs!
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About Streamr DATAcoin:
Streamr DATAcoin is an off-chain network focused on data monetization and exchange. As an off-chain component, Streamrโs system will work alongside blockchainsโat this point, itโs built on and for Ethereum. It will utilize smart contracts to allow machines and individuals to trade data across its network.
Essentially, the network will facilitate a marketplace that allows anyone to publish or consume data. The Streamr team believes it will break the data monetization mold big businesses have set with cloud services.
Source: coincentral.com
The price is getting squeezed inside of the formation and is going to be forced to make a move either up or down.
Given the previous uptrend which had its peak on 7th of April 2021, this is considered to be a continuation pattern with higher odds of breaking out to the upside.
I'm scaling in with some longs!
------------------------------
About Streamr DATAcoin:
Streamr DATAcoin is an off-chain network focused on data monetization and exchange. As an off-chain component, Streamrโs system will work alongside blockchainsโat this point, itโs built on and for Ethereum. It will utilize smart contracts to allow machines and individuals to trade data across its network.
Essentially, the network will facilitate a marketplace that allows anyone to publish or consume data. The Streamr team believes it will break the data monetization mold big businesses have set with cloud services.
Source: coincentral.com
don't get fooled... we're just getting started :)