An example of this figure is on a BCN / BTC coin. A very rare figure, sometimes found in its various versions on altcoins. I have never met her on TOP 10 altcoins. This formation is generated by the fact that a major player (altcoin market maker) for a long time holds one price zone (usually this is the area where the main position was set) and all attempts to...
On the graph you can see how one figure goes into another and all goals are fully fulfilled. The figure of the technical analysis "Inverted Dragon " all the description, lines, goals on the graph are yellow. The figure of the technical analysis " Dragon " all the description, lines, goals on the chart are blue. In trading such figures, the most important thing...
“Dragon” is a reversal pattern that indicates almost the very beginning of a trend reversal. The formation of the Dragon tells the trader that market sentiment may change soon and the current trend will unfold. The figure is a more modified version of the "Double bottom" or "W" shape, while it signals the change of the bear market to the bull market. But there...