Dragonchain price prediction

Our price prediction is based on hi-resolution deal analysis from cryptocurrency exchanges. We are collecting and gather statistics to obtain price support levels that show most important zones witch traders want to buy or sell stocks. These buy/sell histograms showed in report combined with current trend analysis can be used to build high probability forecasting of future price trends. It also can be useful to set a price on calculated levels to be sure maximum profit was received.

Disclaimer
Cryptocurrency trading involves substantial risk of loss and is not suitable for every investor. All trading strategies are used at your own risk. This page performs statistical analysis of past data and can be used for assumptions about the future only taking into account the statistical probability

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Dragonchain price levels prediction for next 24 hours

Next 24 hours brief prediction

Price of DRGN will be traded in CHANNEL near to $0.02799 with $0.02952 as upper border and $0.02697 as bottom.

Historic price levels for next 24 hours

These levels are based on local historic minimums and maximums. Weight shows the power of broken trends.
Price Weight(level power) Date of formation

Volume profile price channel in 24 hours range

Edge levels of the price channel based on volume profile report.
Price Description
0.02952 Channel maximum price resist level based on 24 hours movements
0.02697 Channel minimum price resist level based on 24 hours movements

Dragonchain price levels prediction for next 7 days

Next 7 days brief prediction

Price of DRGN will be traded in CHANNEL near to $0.03 with $0.0328 as upper border and $0.02464 as bottom.

Historic price levels for next 7 days

These levels are based on local historic minimums and maximums. Weight shows the power of broken trends.
Price Weight(level power) Date of formation

Volume profile price channel in 7 days range

Edge levels of the price channel based on volume profile report.
Price Description
0.0328 Channel maximum price resist level based on 7 days movements
0.02464 Channel minimum price resist level based on 7 days movements

Dragonchain price levels prediction for next 30 days

Next 30 days brief prediction

Price of DRGN is now on EDGE at $0.028699998. So the next scenario is able. If price will go up, it will RAISE with support level $0.028699998 If price will go down it will spend next in CHANNEL near to $0.017299999 with $0.028699998 as upper border and $0.0037999991 as bottom.

Historic price levels for next 30 days

These levels are based on local historic minimums and maximums. Weight shows the power of broken trends.
Price Weight(level power) Date of formation
$0.017298927530646324 Weight: 6.429 14 Jan 2021

Volume profile price channel in 30 days range

Edge levels of the price channel based on volume profile report.
Price Description
0.028699998 Edge price dividing trends based on 30 days movements
0.0037999991 Minimum price support level in case of RAISE trend based on 30 days movements
0.028699998 Channel maximum price resist level based in case of FALL trend on 30 days movements
0.0037999991 Channel minimum price resist level based in case of FALL trend on 30 days movements
Highly correlated currencies
Coin Correlation Links
First tier
0.92581415 details, prediction
0.90871316 details, prediction
0.830368 details, prediction
0.82875556 details, prediction
0.8168315 details, prediction
Second tier
0.9523153 details, prediction
0.9435305 details, prediction
0.87440115 details, prediction
0.8724811 details, prediction
0.8462951 details, prediction
Third tier
0.9715321 details, prediction
0.96286917 details, prediction
0.9357669 details, prediction
0.9259386 details, prediction
0.92390823 details, prediction


This report should be leaned to get most info about heading trends. It means that Dragonchain price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.

It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies - Bitcoin, Ethereum and Ripple, so the prediction of their prices will affect the price of Dragonchain
Low correlated currencies
Coin Correlation Links
First tier
-0.49977058 details, prediction
-0.2983603 details, prediction
0.10704702 details, prediction
0.16224451 details, prediction
0.27093405 details, prediction
Second tier
-0.58496076 details, prediction
-0.5458596 details, prediction
-0.5249454 details, prediction
-0.48239246 details, prediction
-0.38199708 details, prediction
Third tier
-0.8700588 details, prediction
-0.7286967 details, prediction
-0.72425437 details, prediction
-0.6444329 details, prediction
-0.6353057 details, prediction


This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)