without_worries

Dusk network / BTC - bullish divergence

Long
BINANCE:DUSKBTC   Dusk Network / Bitcoin
On the above 1-day chart price action has corrected 50% since mid-March with a oversold condition (orange column). A ‘incredible buy’ condition now exists following the regular bullish divergence between price action and all oscillators. Perfect.

On the 3-day chart (below) price action is printing bullish engulfing candles on past resistance as Stochastic RSI crossed up 20.

Is it possible price action falls further? Sure.

Is it probable? Unlikely, strong probability of upside move.

1st target 600 sats.


Trade active
Trade active:
RSI crosses 50 following a break of past resistance. A rotation back into BTC is projected around mid-late September.

Trade active:
2nd 'incredible buy' signal + bullish divergence between price action and the oscillators.

Trade active
Comment:
'great sell' alert


BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: www.patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.