- Dusk is currently breaking out of the bullish rectangle pattern
- Important level 0.6 USD is also breaking out
- If you take a look at DUSKBTC pair, the main trend line is also breaking out with strong bullish momentum
- Expecting at least 100% gain in the near future
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💎Technical Analysis Summary💎
-DUSK is traveling inside this Bearish rising channel
-This pattern is still unconfirmed but we can see a sign of weakness
-The key level of resistance is located around 400s sat
-The price tested that region twice and failed
-This is a clear sign of weakness and any time the Bears can enter the market
-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 Network is trading at the key support area
-This is a confluence of previous resistance turned support
-Take note, the .618 golden Fib ratio is perfectly matched in here
-If the market condition will not make any catalyst movement in the coming days
-This coin has the chance to bounce back up to 997 sat or higher
-Bearish side, candle body below...
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...
-cross ultimate indicator flashes signal last July 10
-the price went up over 40% today hitting multiple resistance zone
-it would be healthy if we can see a minor pullback in the green zone
-consolidate between 500-470 sat range before another leg up
-the next upside target is up to 700 sat
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.
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.
The price action of Dusk Network / US Dollar is forming bullish Butterfly pattern and soon it will be entered in potential reversal zone.
This PRZ area can be used as stop loss point in case the complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.0447 to 0.0390
Sell between: 0.0491 to 0.0599
Priceline of Dusk Network / Tether US has formed bullish BAT and entered in potential reversal zone.
Stochastic is oversold.
Ichimoku could is strong bullish.
I have defined targets using Fibonacci sequence:
Buy between: 0.2198 to 0.2115
Sell between: 0.2397 to 0.2694
Atif Akbar (moon333)