DRGNBTC (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...
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...
