Spiritual-Trader

Update: The CLEAREST chart in history

BINANCE:DUSKBTC   Dusk Network / Bitcoin
An update for our signal which earned us +20%. What comes next, after we had successfully predicted the reversal?

  • DUSK/ BTC has fallen back to a state of relative compression. Periods of 200, 100 and 55 are regressing below the necessary level of 0.7 on the WAVE-PM indicator, but still need time to do so.
  • 14-day volatility characterized by the orange oscillator is below critical levels, and therefore has enough potential to produce a short-term movement in the following days.
  • Its target could be the 200 MA on the 1H chart, or similarly the 50 MA on the 4H chart (turquoise color). As this is a more risky signal, we DON'T recommend taking it without setting tight stop-losses and doing your own research first.
  • For the rest of the compression, the price should remain inside the 50 MA Bollinger Band on the daily chart , which is currently at the levels of 537 (lower band) and 667 (upper band). These are the relative highs-and-lows, and a movement on either side should be stopped by them until enough volatility ceases to be and a new trend begins. Please, use the displayed purple band for an approximate reference.

Commodity Channel Index , custom volatility indicators and Bollinger Bands and their derivatives were used in the technical analysis . This is not a financial advice and you agree to take 100% responsibility.

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