Dragonchain has woken up, and is currently in a bullish pennant on the four hour.
Measuring with the Fib Dragonchain looks to be doing a rounded bottom vs Bitcoin very soon.
Dragonchain looks like a fantastic buy right now.
Dragonchain is above support
The MACD is bullish
The Relative strength Index is pointing up.
Looks like it is heading towards a rounded top...
DragonChain has been down-trending for such a long-time, reversal seems to finally be around the corner after regaining 50MA support.
Risk/Reward= 1:2| 1:3.8 | 1:6
Expected Profit= +53.01% | +100.80% | +159.04%
Possible Loss= -26.51%
Fib. Retracement= 0.382 | 0.618 | 0.893
Estimated Gain-time= 3 months
I believe that we're going to see DRGN go to the 0.618 level on on the last fib price; which is the most likely level; when the microalts pump as Alex Becker predicts - he predicts BTC to bounce like I am and a microcap boost with it; although I have no clue why.
After that, if the half-oval is correct, pressure will be on the price to surge above the...
Due to multiple requests update for SRGN high timeframe chart. Since last update made May 8th it dipped to green support zone, touched 250 and bounced back to ~420 resistance. It will be logical if after the first touch price pull back to 290-300 (bullish scenario) or again 250 (accumulation scenario) before trying to breakout higher to 500-530 resistance zone....
please dont crush me. beginner with TA.
As long as btc stabilizes and consolidates a bit, eth will follow. DRGN can push thru .0002188 to test .0004490 ish and above, all depends on what daddy btc does. daily looks extremely bullish. how much more momentum can btc give these alts!?
obviously not financial advice cuz I dunno a damn thing. just thinkin aloud.
I spotted a simple cup and handle pattern on the DRGN/BTC chart. Might be interesting for folks who want to go long. Decide for yourself if it is worth the trade on a breakout. The project itself seems to be doing well.
DRGN/BTC looking like it wants upside movement:
MA30 crossed above MA100 on March 1st
signifying that the the trend will likely be bullish
now for these coming weeks at least.
To add more conviction to the play that it has
turned bullish, we will need to see a clean close
above the Gann Fan 1/1 line which price has been
consolidating against since Feb 10th.
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.
KUCOIN:DRGNBTC is rebounding after it reach to .000015! Below are some targets.
BUY: Near 0.00000575
NEXT SUPPORT: 0.0000045
REALISTIC PROFITS POTENTIAL: 66.7%
STOP: if price goes below 0.0000045
The above references an opinion and is for information purposes only. It is not intended to...
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...
I am not financial advisor.Do your research.
DRGN looking as time to enter for long trade.
8h chart also bullish.
sell target 850sat,900sat,1000sat,1100sat,1200sat
stop loss -7% from your entry.
good entry 750sat-820sat
You can trade on kucoin.
FTX:DRGNPERP tried to break ATH resistance, seemed to succeed but has now broken down below support, retested it and continued to go down, will probably go back to previous supports. This is also an index based on a few chinese altcoins, and with the market being in a place where it's hard to gauge what's going to happen next, this probably is going to take a...
We shared a chart recently for DRGNBTC (Dragonchain) that hit 217% and we only have 1 target left...
See it below,
Now, what happens next with DRGNBTC?
This is an interesting spot which is why we always BUY BEFORE THE BREAKOUT.
With prices going higher...
If you look at my last analysis for Dragonchain (DRGNBTC), you can notice that prices moved and closed below the 0.786 Fib. retracement support, eliminating 100% of the gains relative to the last bullish wave...
This is good news because all weak hands have been removed and prices are moving back up again.
With prices now gaining upwards momentum while bouncing...
DRGN has been holding it's bottom well since I called bottom here a couple of months back.
DRGN's retracement from it's last large pump seems to have ended, and it is time for another pump.
DRGN is holding it's ground
The RSI is showing bullish continuation
35000 SAT !
Looking at DRGN on the daily chart
* RSI oversold and made a nice W
* Bullish div in Willy and a nice W breakout
* OBV making a W
* Buyers stepping in on volume
* Price coming back into value (80% of the time it will test value high, thanks Hoag)
* 50% target lines up with value high
Please remember to "Plan your trade and trade your plan"
If you like what I...