Dragon Chain (DRGN): The Right Wall Build Phase
SUMMARY
DragonChain (DRGN/USD) has declined in an ABC (blue). The subwaves show that it's likely an ABC flat (3,3,5) type. The pattern also shows a rounded price formation in development and price has exited the basin phase which usually is indicated by sideways and overlapping price moves.
The recent rise was also in an impulse five waves (white). The current correction is in overlapping 3s and so best labeled with wxyxz sequence which also represents the subwaves of the higher degree wave 2. Once complete, if not already, the wave 3 white should onset and allow much higher highs and allow the right wall build of the rounded price formation to start.
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nice graph info
Palm Beach Confidential (Teeka Tiwari) has this as a buy up to $5.
Thanks for the info!!! I have been looking at this, but never bought anything!!!
brief post👍
thank your brother for visiting my article, sorry if there I write your name, I just miss you like sister missed brother or like child miss father
thanks
I just noticed one big pattern for many new coins, it gets to the very high point fast and then slowly goes down
The big cup chart pattern! And the analysis hints the oversell scenario.
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