SUMMARY
Dragon Chain (DRGN) has even the MACD patterning out the similar rounded bottom formation. The impulse rise was completed in a very short time and since December, the wxyxz has been placed and the midpoint of the rounded bottom has also passed. The basin phase is still in progress and likely to cotinue into early May; but it all depends on the placement of the first round of impulse waves up.
The closeup shows the impulse waves (blue) which could signal the initial trend reversal. Even if price takes extended sideways action, price is subsequently expected to initially rise in moderate increments and accelerate into July.
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