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.
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!
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...
Looks like DUSK future is much brighter now...
Looking for final confirmations:
Price: succesfull attempt to make a level @0.00001660
DMI - ADX boost needed
AE - positive side green bar
Alligator - ready for eating some candlesticks
Reached support at ~1400sats
Could't find any signals of why it should stop here and bounce back up
If it does not hodl, ~1200sats should be next support
UCTS Sell signals all across the board..
Dusk Network (DUSKBTC) retraced all the way to the 0.618 Fib. level from the last bullish wave. Can it bounce from here?
Normally we have altcoins retracing all the way down to 0.786 Fib., but in a bullish 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...