Dusk Network - Bullish divergence

On the above 1-day chart a ‘incredible buy’ opportunity is now shown following a 70% correction and oversold condition (orange column).

Regular bullish divergence between price action and the oscillators, RSI, Stochastic RSI, & MFI, is clearly visible. 1 oscillator is good, all 3 is excellent. Especially over the length of time observed.

The Dusk / BTC chart is equally as bullish (below), arguably more so - why?

1) Bullish divergence
2) Price action has entered the bullish half of the Bollinger Band
3) Multiple Bullish engulfing candles - look left.
4) Price action is on the golden ratio.

Is it possible price action falls further? For sure.

Is it probable? Very unlikely.

1st target 20 cents.

Good luck!

Comment:

Dragonfly DOJI candle prints on the 5-day chart - very promising.

Trade active:

Updating 1st target to 65-70 cents by Mid-late September following lower band support confirmation.

Trade active

Comment:

chart does not appear to have published above...

The 'trade active' update was notification of price action braking resistance after establishing accumulation on the 0.618 golden ratio.

Trade active:

Price action breaks out of resistance - safe long from here

Trade active:

Price action breaks out of resistance established since early March. This is a significant move.

Comment:

While the 40% move since yesterday is great, be careful not to FOMO in. Price action on the 8hr is clearly outside the Bollinger Bands with a 'great sell' (green column) appearing. A re-test of past resistance or the Bollinger Band mean would seem probable.

Trade active:

FOMO now, price action corrected to golden ratio with confirmation of support.

Comment:

Next target 27 cents / 90% from current levels.

Trade active

Comment:

Now up over 500% since this idea was published 5 months ago, should really be thinking about profit taking now. Could see 70 cents. However consider this:

1) A "Great sell" signal has printed.

2) Multiple oscillators are printing bearish divergence. RSI prints lower low as price action prints higher high.

I'm out...

Trade closed manually:

Got a 'great sell' alert popping up on the 10-day chart. Look left. Sure price action could continue higher, but that's not the point. The point now is the probability of continued upside is considerably reduced.

Trade active:

Price action back to where it all started. Fantastic swing trade.

Trade active:

Could be something could be nothing, can’t be bothered writing a new idea, buyers moved price action by 2x today before encountering selling pressure. This is price action reversal (see red circles).

Isn't it interesting all this is happening around the same price action when this idea was originally published?

1-day BTC pair

Laterally 4hr USD pair prints double IB signals