DUSK is setting up for a nice trade despite the bearish market structure. Can the bulls push it up higher? I think it's possible. My reasoning: Structure: Falling wedge chart pattern getting very tight. Divergence: Confirmed div in histogram , divs in willy and RSI. Volume: OBV is strong, showing a lot more buyers than sellers despite the falling price....
Dusk; there is Wolfe and H&S patterns. New bullish wave may be coming soon. Good luck!
NICE SETUP. DOTTED TREND IS THE NEW TARGET.
DUSK DUSK has recently failed to break above the 100 MA and hold it, after breaking down DUSK can broken below the 100 and now the 50 MA as well. 5 Red wicks in a row as RSI and Stoch continually fall. I dont see a major breakout now until DUSK hits support back at 495 sats. I would not recommend jumping into DUSK at the moment and rather wait until support is...
12H chart shows a potential rising wedge pattern. Daily close below 590 is really bad sign for bulls.
DUSK/BTC DUSK is forming a Triple Bottom but still trapped inside this bigger triangle pattern. If DUSK will face rejection between 700 - 750 sats area, a healthy pullback to the 600 sats area is feasible, This will give the Bulls enough time to cool down before it will attempt again to break bullish outside the downward resistance at 700 sats and above.
My last chart for Dusk Network came in on the 5th of December, 20 days ago. After some gains, we end up basically with the same exact setup, bullish as well. Current prices are good for long-term holders, Dusk Network it is said to be a great project with amazing new technology and great potential. Prices are now trading above EMA10 and we hit a higher low on...
The price action of Dusk / Bitcoin has hit the support of the wedge and also hit at lower bands of Bollinger bands and now turning bullish to hit the resistance again. All indicators are turning bullish. The moving average convergence divergence indicators is giving bull signals by turning weak bearish from strong bearish. Stochastic has also given bull cross from...
Watch for entry on break-out of the falling wedge. This pattern looks pretty good and there is big propability for trend reversal. Possible positions are on the chart. Good luck
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...
It is only necessary to come back to DUSK/BTC and explain why many retail traders don't make money on daily basis: it is because they lack discipline . So, what has happened here? Why has the supposedly "golden secret" of trading failed? That's because it hasn't failed. You have. The first standard deviation marks two conditions: Trending - price is...
DUSK/BTC's upward movement is at halt as the price enters the 1.25 standard deviation of the 50 4H SMA Bollinger Band. A confirmation is most likely inbound (price tagging the band from the inside). The price is headed to two main levels: 50 SMA - also the 0.5 Fibonnaci Retracement 200 SMA - also the 0.618 Fibonnaci Retracement Commodity Channel...
Cross over : support zone / ascending trendline Tight SL Not a Financial Advice
DUSK/BTC Dusk finally broke the down-line resistance and 50 Day MA. Made a Higher High and Higher Low, a potential daily trend change is on the way. We need a healthy pullback to the previous resistance to turn into new support. I have highlighted in the chart where we can expect a bounce.