Great breakthrough for DRGN, it has broken the 550 resistance. Next 2 resistances are 710 and 1000. Maybe a 100% profit coming up for this little beast.
One of the things I like about bitcoin, is that it’s almost the same pattern over and over again. Going into the critical area next month or sooner and down to the 4-5k area, when it hits it lower resistance it will moon to maybe 20k+ again. But it needs the break the bearish downward trend.
Just my 2 cents.
Have a great day trading!
DRGN is up ~25% today, it’s breaking the 500 resistance and can continue to go up to the next resistance line around 540-550 and probably back down.
The bounce can happen around the 410 and then back up. Depending on the upcoming news and volume will have to see what happens.
And again manage your risks, do not buy things blindly. Do your own research.
Have a...
When you see a situation like this I almost buy every time it touches the lower trend line and then selling it in little increments to the upper bar.
Taking calculated risks can maximize your profit but make sure to stop in time whenever you are becoming uncomfortable!
Have a great day trading!
Lower support is based on 69, if VET goes below the 69 level it will probably end around the 60 support and if that happens it will take some time to recover. When the upper resistance is crossed it can go to around the 85-100 range in 5-10 increments.
For now happy new year and have a great 2020!
