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Streamr DATAcoin (DATABTC) Analysis
The action started back in late September for DATABTC, we have the highest volume since this altcoin hit its all time high... but it quickly retraced until today that bullish action is happening.
Let's take a look at those signals for our own learning and entertainment:
Strong break above EMA10, supported by big volume and a recent hammer candlestick that bounced nicely from support.
The MACD has giving a buy signal and it is starting to curve.
The RSI is really bullish, which is good and needed if we want to hit our targets.
Last but not least, DATABTC is challenging EMA50, this signal only confirms once the daily candle close. Just as EMA10, a strong break is needed and maintained for the bullish momentum to be validated.
If price moves down and touch and break our support (stop loss), then these signals would be invalidated and we wait for a new buy set up.