Long
DRGN BTC Possible 10x Rounded Bottom
DRGN dropped considerably after it's last huge 5x pump down to nearly 120 sats.
Currently it is hovering just a bit over 200 and looks like it is ready climb again.
The MACD has just achieved a bullish crossover.
DRGN is pushing up against the 20ma
Bullish volume is exceeding Bearish
The RSI is pointing up, with a long term bullish divergence.
The fib retracement is putting a target of 1200 sats on my chart matched perfectly with a rounded bottom pattern.
Target 1 500 sat
Target 2 1500 sat
Target 3 2400 sat
ATH 22230 sat (100x)
Considering current market conditions as well as the indicators on the chart, Dragonchain has all the indications of being a potential life changing buy at this price.
Currently it is hovering just a bit over 200 and looks like it is ready climb again.
The MACD has just achieved a bullish crossover.
DRGN is pushing up against the 20ma
Bullish volume is exceeding Bearish
The RSI is pointing up, with a long term bullish divergence.
The fib retracement is putting a target of 1200 sats on my chart matched perfectly with a rounded bottom pattern.
Target 1 500 sat
Target 2 1500 sat
Target 3 2400 sat
ATH 22230 sat (100x)
Considering current market conditions as well as the indicators on the chart, Dragonchain has all the indications of being a potential life changing buy at this price.
Note
" The fib retracement is putting a target of 1200 sats on my chart matched perfectly with a rounded bottom pattern." This should have read 2400 sats
The fib retracement is putting a target of 2400 sats on my chart matched perfectly with a rounded bottom pattern.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.