Here is the chart for Dusk Network (DUSKBTC) on Binance. This is a young chart and only has one wave on file... Let's take a look:
DUSKBTC went below the 1 fib. retracement level from the last bullish wave... This means that all gains were removed plus more. With all gains removed and a new All-Time Low hit, Dusk Network might be ready to move up.
DUSK seeing a great breakout above 800 sats , triggering a huge increase in volume and price ; we can expect this level to act as support now and can also anticipate this to be the begging of a short/mid term bull trend. Our next main resistance is around 1000 sats followed by 1200 sats.
BINANCE:DUSKBTC is finally showing early reversal signals. Get ready to see a potential uptrend.
Plz let the next close above the high of long day candle to confirm bullish trend and put your stop as shown in chart and use Fib levels as targets. For extreme safe trades do wait until we break the resistance and consolidate a little. \
RSI is has finally...
Dusk Network (DUSKBTC) continued its retrace and is now hovering around the 0.786 Fib. retracement level from the last bullish wave.
In our previous analysis, we looked at 0.618 Fib. level, this one is stronger support and is marked on the chart above with a dashed orange line.
We are in a bullish wave for DUSK as long as the last low remains intact. Here are...
DUSK (Dusk Network)
- Making Falling Wedge in 4 hrs Timeframe.
- Volume is Decreasing & Major Indicators Are Turning Bullish As Well.
- Breakout Expecting in 4-8 Hrs..
- Expecting 80-90% Profit in Next 4-7 Days (If Follows My Plan)
Buy Around 1000-1030 Sats
Sell Targets 1307 - 1623 - 1875 Sats
Stop Loss Below 950 Sats
Timeframe : 4 Hours
What is DUSK...
As we all know BINANCE:DUSKBTC is one of those coins that likes to pump like crazy, and in this alt season it surely is guaranteed to bring a little of that usual performance to the table, it's been consolidating heavily for a long time now, the R/R is quite good, but be mindful of your position size and don't risk what you can't lose as usual.
Dusk just completed an AB=CD formation and is trying to put a floor after a huge decline in price from the last couple of weeks.
Besides that, the coin also qualify for the 3 unrelated reasons which I need to consider before taking the trade.
1.Location - the coin must be in reload zone between 0.618 and 0.786 fib levels and it is
2.Indicator confirmation -...
Dusk Network (DUSK/BTC) is gaining strength. The RSI is approaching to 50 bullish zone and we can see a break out of the trend-line on RSI!
There is also a divergence on the MACD and a perfect Squeeze Momentum!
Now, if we take a look at the chart, we can see that the price was rejected from the support zone and it can easily start to move strong and fast.
Exchange : Binance
Buy Zone: 0.0000074~0.000007
Target Point: 0.00000774 / 0.00000808/ 0.00000888/ 0.00000958
Term: Middle - Short
It passed Down Trending Channel without Pumping
It`s making small Symmetrical Triangle
But The Volume isn`t down enough, so we need more time to pump...
DUSK is dumping gradually from the middle of August upto now. And I think it is ready for making a quick bounce from here
Buy : Close to 1000 as possible
Sell : 1200
Mid-Hold : 1700
Stop : Under 950
Buy-back plan : 800-850
Dusk is approaching the first zone of interest, where it was a historic low. In case if bulls are not gonna be able to hold it - the coin will go to the lower levels. Zones of interest and targets are on the chart. Good luck everyone!