As we can see, after breaking its downward trend, the price is gathering strength to start a strong climb.
In order to buy, the SL (stop loss) and capital management must be observed.
All resistances and TPs (take profits) are marked on the chart.
Hi dear patrons, hope you are well and welcome to the new update on Dusk Network (DUSK) token.
On the daily time frame chart, the price action of DUSK has formed continuously a second bullish Cypher pattern. The price action is at the support of a daily 25 simple moving average and 50 SMA is moving up to provide more firm support.
DUSK looks bullish under this accumulation triangle.
Once we break out of this triangle I am expecting a 30% rally in DUSK.
Entry: 585 to 640 sats
Stop Loss: 544
Do hit the like button and share your views/questions in the comment section.
DUSKBTC ASCENDING TRIANGLE Pattern.
Dusk seems very strong to break the orange zone above. I have drawn all possible moves in the chart.
You can only take this trade if the setup is validated else, do not enter into any trade.
On small time period one hour chart, the price action of Dusk Network (DUSK) is completing final leg of BAT pattern, and soon it will be entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to BAT pattern should be:
Potential reversal or buying zone: $0.0486 to $0.0465
Fibonacci projection or sell zone: $0.0535 to...
The bullish bias for the DUSKBTC (Dusk Network) chart is still strong.
We can see low prices but with bullish indicators as prices consolidate before they start to grow.
The signals are very simple:
1) We can see some bullish action after the low on 20-Nov.
2) Consolidation for a few weeks...
3) Yesterday we had above-average volume and prices moving above...
Today, Dusk Network (DUSKBTC) is starting to move while gaining bullish momentum.
We have a volume breakout taking place, while prices move above EMA21 and EMA10.
We have a bullish cross on the MACD and a strong RSI.
The next target is clearly marked on the chart for an easy 115%.
DUSKBTC is looking ready to resume its growth.
EngineeringRobo and I are bearish about DUSK at the moment.
If you are holding DUSK at the moment, it would be advisable to sell and buy again when EngineeringRobo turns bullish.
If you are interested in buying DUSK, as mentioned above you can use wait for more EngineeringRobo buy signals or you can buy at the 0.03 support level or at the downtrend line.
-Dusk Network has been following the trendline support
-Making a series of Lower Lows and Lower Highs
-If this downtrend will continue lower
-The next key level to be a watch is around 430 sat
-This area is a confluence of 200D Dynamic support
-And previous consolidation last January - March trading history
-Also, Tested resistance and flipped...
DUSK is one to keep an eye on as it consolidates just below resistance right off the pump chaser zone (.382-.5) fib.
A visit to the HTF short reload zone (RLZ), confluent with the fib extension and chaos PRZ would be just over 100% gain from current levels.
Time Frame: Daily, 4Hour, and Hourly
Welcome back! Day 69 of the 100 Days of TA is here! Today's spotlight is on DUSK (DUSKBTC). I talked about DUSK next direction and the whys. I showed some high probability setups here, what usually happens and what would happen.
Have fun watching today's video! If you think there's something I should add or maybe...
First of all, always DYOR. I don't give finance advices, it's all speculation.
DUSK is something that i have been doing research for days now and i am impressed. It has pretty low MC (25 mil) and haven't really blow up again after being listed to binance last summer when it was up +80% of its current valuation.
There is many bullish points i could make about...