Normally we have altcoins retracing all the way down to 0.786 Fib., but in a market, the retrace can be as short as 0.382 as well as 0.618. So if the current level holds, you can expect for DUSKBTC to move up from here.
We also see that the price managed to close above EMA100 (blue line) and is also trading above EMA50 (magenta). If there is follow up from the bulls here, DUSKBTC can easily move higher (purple and green arrows).
If instead, the price moves back below these levels, EMA50/100, then we can expect for the red arrow to be followed.
Dusk Network ( DUSKBTC ) Chart Signals
The signals are mostly right now...
- We have a .
- Broken downtrend line.
- on the zone.
- Trading above EMA10 (which equals potential).
My view. Dusk Network can easily bounce here. If you decide to buy and trade, always make sure to have a plan. What to do if it moves down strong? What to do if it goes up? What to do if it goes sideways?
Prepare for all scenarios...
This is not financial advice.
I will share a new and updated analysis.