CatShark

DRGN stretching it's wings and looking upwards 5x possible

KUCOIN:DRGNBTC   Dragonchain / Bitcoin
Dragonchain seems to have finished retracing now after it's epic wake up pump, and is looking to the skies once again.

DRGN has found support around 600 sat and been bouncing between it and 840 sats for a couple of weeks now, but looks ripe to start heading skyward.

Support has been tested
The RSI is bouncing off a hidden bullish divergence .
The Stoch RSI is oversold with a bullish cross.
Bearish volume seems to be exhausting.
It is above most Moving Averages (Needs to break the 100 MA, but I think that will happen)

Seems like a fine time to buy to me.

Mid Term Targets

1150 sat
1513 sat
2057 sat
2387 sat
3000 sat
Trade closed: stop reached

Comments

we fucked up man
Reply
CatShark alicanrb
@alicanrb, TA doesn't always work, lots of TA here all thought the same thing, I don't think anyone gave an exact timeline on when it would happen. Sometimes you just need to keep waiting, and it comes later.
Lots of indicators were/are bullish.
As you probably know the further it drops now the higher the targets get, Stock RSI is nearing it's bottom now. I have been averaging in, not giving up, but to each their own.
Reply
alicanrb CatShark
@CatShark, i know what you are saying. i got FOMO like 2 weeks ago. but yes weekly char is bottomed. its gonna back soon
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out