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$DRGN/BTC 1D (KuCoin) Big falling wedge near breakout
Long
$DRGN/BTC 1D (KuCoin) Big falling wedge near breakout
By TradingOn
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Updated
Sep 15, 2021
2
Sep 8, 2021
DragonChain has been down-trending for such a long-time, reversal seems to finally be around the corner after regaining 50MA support.
Risk/Reward= 1:2| 1:3.8 | 1:6
Expected Profit= +53.01% | +100.80% | +159.04%
Possible Loss= -26.51%
Fib. Retracement= 0.382 | 0.618 | 0.893
Estimated Gain-time= 3 months
Current Price:
0.00000264
Entry Zone:
0.00000263 - 0.00000235
Take-Profit Targets:
1) 0.00000381
2) 0.00000500
3) 0.00000645
Stop Targets:
1) 0.00000183
Sep 15, 2021
Trade closed: target reached
TP1 reached with +53.01% (1x) and +2R
DragonChain broke-out as expected bringing up to +79.12%, SL adjusted to lowest entry now (235 sats).
dragon
dragonchain
DRGN
DRGNBTC
kucoin
Moving Averages
reversal
Support and Resistance
Wedge
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$DRGN/BTC 1D
by TradingOn
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