DRGNBTCLooking at DRGN on the daily.
Looking at DRAGON since I last bought it at 701 sats, it has done pretty well.
Willy is slowly making its way up in to over bought
Histogram still looks good but would like to see it break into higher highs
Could have a potential inverse head and shoulders working in price
Huge notch in VPVR for price to fill in.
200ma around the 1600 sat mark that could play as resistance
Target is in between the 618 and 786 area where it meets previous resistance in price
POC sitting all the way up in the 2300 sat range
Im still looking to sell have on a double to let the rest ride.
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DRGNBTC
Dragonchain Price PerformanceBITTREX:DRGNBTC
- Dragonchain ALL TIME HIGH in BTC was 0.00033882
- Right now, Dragonchain is priced at 0.00000948, 97.51% lower then its all time high .
correlation check
-3.84183 its Sharpe ratio
-0.61452 its Sortino ratio
Strong buy signal
#theminimalist
moves are being made. The most underrated crypto project ever. Moves are being made. This could be liftoff time soon!
DRGNBTCLooking at Dragon on the daily
* Willy is stupidly over sold and also making a nice bullish divergence
* Histogram looking ok break up past the 0 line (Would like to see some more structure in the histogram)
* OBV looking healthy and confirming a nice bullish div
* Price double bottom on the 4H chart but would like to see something more solid.
* Price could potentially run up into resistance at the 618 and 786 fibs which also lines up with the POC
I will be placing a tight stop loss
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DRGN/BTCI am not paid by dragonchain.
I do own a modest size bag which I bought at .00001143 ($0.093).
This is not financial advice, I am documenting this trade, because this is honestly my favorite project.
This token has gone undervalued far too long. I have held drgn and lost money to it before, but now is my chance to redeem myself and I get to be on ground floor of one of the best projects in crypto. Dragonchain has caught my attention since OCT 2017, but I fell for FUD and didn't buy until the token skyrocketed to ath of $5(I think it was). I fomo'd and got burned. However, if there ever was a great opportunity to buy this project it is right now. I do not pretend that I will make money, but the technicals are very strong with this project and so many people have fudded to the ground, that even now if you said you were going to buy(drgn) you would be laughed at (this is a sign to buy imo).
.00001000 - .00001400 is a strong "accumulation" zone.
.00001500 - .00002000 is the "Mark up" zone.
The best part about the 2018 bear market is that it essentially put us all back in time to redo our mistakes of 2017 and this is one of mine.
Wish me luck!
$DRGN +1000% pp, fill your bags.Volumes are still low, but a strong daily close above 0.00002415 sats could cause a strong rally that doesn't have strong resistance to be slowed down.
Close below 0.00002415 could bring back to 0.00002200, the trade remains valid until it closes below 0.00002100.
Is a 1000% possible?
DRGN current MCAP: $26.500.000
DRGN all time high MCAP: $1.150.000.000
Like this post and follow me, more updates to follow.
Have a nice trade.