Dragonchain Uptrend Is ConfirmedDRGNBTC (Dragonchain) is now retracing after printing a higher high, this retrace touched the 0.618 Fib. support which also coincides with EMA100.
Prices can still go lower for DRGNBTC and hit the 0.786 Fib. support (0.00000419)... If this happens, we expect a very strong bullish move to follow.
DRGNBTC is now above EMA100 (0.00000519), if prices remain above this level we can see growth (1) right away.
Thanks a lot for reading.
Namaste.
Alanmastera
Bitcoin Cash Preparing To Retrace? Active 7X Lev. For 132%We are active with Bitcoin Cash (BCHBTC / BCHH20) on a SHORT with 7X... Let's take a look at the chart.
Bitcoin Cash moved first and with strength leaving others behind.
Right now, we can see a bearish candlestick for the last peak as well as momentum is lost.
If you look at the MACD, you can see it curving down while the histogram is going lower.
Trading volume going lower.
Rising trendline likely to be tested.
Prices are still above EMA10 so there exists the possibility of another jump, purple lines.
This is an advanced setup and we are looking at a leveraged trade. This is not intended for beginners, only trade if you are experienced and know what you are doing.
If you are a beginner and looking to profit from Cryptocurrency, trade altcoins which are low risk and high profits, once you learn the game, you can choose to move up and try leveraged trades.
Thanks a lot for reading.
Namaste.
