DRGN/BTC Long
DRGN/BTC looking like it wants upside movement:
MA30 crossed above MA100 on March 1st
signifying that the the trend will likely be bullish
now for these coming weeks at least.
To add more conviction to the play that it has
turned bullish, we will need to see a clean close
above the Gann Fan 1/1 line which price has been
consolidating against since Feb 10th.
If this happens then we could expect price to visit
resistance at
300 sats
then the .236 and .382 fib levels at
449 sats and 650 sats respectively,
until meeting stronger resistance at the 2/1 Gann
Fan line.
It just needs a nice influx of volume here and
it should start moving.
MA30 crossed above MA100 on March 1st
signifying that the the trend will likely be bullish
now for these coming weeks at least.
To add more conviction to the play that it has
turned bullish, we will need to see a clean close
above the Gann Fan 1/1 line which price has been
consolidating against since Feb 10th.
If this happens then we could expect price to visit
resistance at
300 sats
then the .236 and .382 fib levels at
449 sats and 650 sats respectively,
until meeting stronger resistance at the 2/1 Gann
Fan line.
It just needs a nice influx of volume here and
it should start moving.
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