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.
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" 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.
I really appreciate this analysis. You summed it up way better than i could of. I have been accumulating a position here for a few weeks and waiting for take off!