Dusk
DUSK/BTC - Divergences everywhere! Can it break out?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. Divergence since late November.
VPVR: Below the POC, however the notch above coupled with the strong volume coming in I think we can fill it.
Falling wedge pattern (stockcharts): school.stockcharts.com
Hit the LIKE button if you find my analysis valuable and want to support me. Follow to make sure you don't miss any future trade ideas.
DUSK ANALYSIS (NEW LOW, OR BREAKOUT INCOMING?)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 hit and a reversal is confirmed. There have been 3 other hits at support and this fourth hit could be the start of a new low or the final bottom hit. If support does hold the main targets are T1 at the 100 MA of 640 sats. The final target is a double top at 720+ sats. Again, do not enter until support has been hit AND reversal green daily wick is set in place. Otherwise, wait for a new lower low to be formed!
Possible Entries: 490-500 sats
DUSKUSDT forming bullish Butterfly | Upto 53% profit moveThe 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
Enjoy your profits and regards,
Atif Akbar (moon333)
Dusk Network Hits Higher Low | 325%+ For Long-Term TargetsMy 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 18-Dec. compared to the 25-Nov. '19. So it is possible that the next move goes towards the bulls.
Conditions for change
There is also the possibility of another drop and even a new low to be hit for DUSKBTC in the months ahead, but this is not a problem. If you are looking at this altcoin pair for its long-term potential, prices are very likely to bounce with massive strength if a new low is hit.
In the meantime, Dusk Network is now consolidating with bullish tendencies... Keep an eye out for a strong bullish breakout within 3-4 weeks.
Also, make sure to hit LIKE to show your support.
Happy holidays!
Namaste.
----
Previous analysis | Dusk Network Volume Starts To Grow | 265%+ Target
THIS IS NOT FINANCIAL ADVICE.
Update: The CLEAREST chart in historyAn 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 oscillator is below critical levels, and therefore has enough potential to produce a short-term movement in the following days.
Its target could be the 200 MA on the 1H chart, or similarly the 50 MA on the 4H chart (turquoise color). As this is a more risky signal, we DON'T recommend taking it without setting tight stop-losses and doing your own research first.
For the rest of the compression, the price should remain inside the 50 MA Bollinger Band on the daily chart, which is currently at the levels of 537 (lower band) and 667 (upper band). These are the relative highs-and-lows, and a movement on either side should be stopped by them until enough volatility ceases to be and a new trend begins. Please, use the displayed purple band for an approximate reference.
Commodity Channel Index, custom volatility indicators and Bollinger Bands and their derivatives were used in the technical analysis. This is not a financial advice and you agree to take 100% responsibility.
Follow @MeowSignals for more insights! Also make sure to visit our...
Facebook: www.facebook.com
Website: (coming soon)
DISCIPLINE is the real reason why you lost money on this chartIt 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 trading outside the 1st standard deviation. Trend is friend.
Not-Trending - price is trading inside the 1st standard deviation. Return to the mean is inbound with 90% accuracy.
These statistics are among the highest and most reliable in trading. And yet, people have been accusal, because they still managed to lose money. Why is that? Because they lack discipline. Setting stop losses should be your number one priority in risk management. When the price leaves the 1st standard deviation, and therefore the market condition of not-trending is broken, you should already be out of the market. When the price re-enters the 1st standard deviation, so should you.
Many retail strategies look as following: small win, small win, small win, and then BIG loss. I make consistent results, but only because I learned to be disciplined and know my strategy works the other way around: small loss, small loss, and eventually BIG win. If you had set stop losses, you would have lost only about 3.5%. And guess what? You would already be making more money by re-entering the chart!
The current pivot and the target is the 0.618 Fibonacci Retracement, corresponding with the upper 200 4H Bollinger Band and soon to be the 50 moving average.
Commodity Channel Index, custom volatility indicators and Bollinger Bands and their derivatives were used in the technical analysis. This is not a financial advice and you agree to take 100% responsibility.
Follow @MeowSignals for more insights! Also make sure to visit our...
Facebook: www.facebook.com
Website: (coming soon)
$DUSK, Pushing against ~700sats resistance level w volume..$DUSK
Pushing against ~700sats resistance level with increasing volume
Mainnet Launch coming on December end
UCTS Buy signal on the 1D chart.
RSI moving quickly to bullish levels.
Wait for a flip of this level for a potential entry..
If happens aiming for 815/950 sats
#DUSK
Dusk Network Volume Starts To Grow | 265%+ TargetHere is the full chart for Dusk Network (DUSKBTC):
Trading volume is now starting to grow and EMA50 has been broken... What this means is that DUSKBTC can easily move higher after trading day closes, hitting EMA100 (0.00000849) easy next, it would only take a few days.
The chart is looking good and Dusk Network can easily start to grow from here... Thanks a lot for your support.
Namaste.
DUSK/BTC | Wedge Breakout..!!DUSK/BTC (Binance)
Falling Wedge Breakout Done in Daily Chart With Strong Buying Volume ..
Printing RSI & MACD Bullish Divergence as Well in Daily Timeframe .
But Need More Volume For Healthy Uptrend..
590 Sats is the Major Resistance..!!
Please, give us your opinion in the comments.!!
If you like the idea, please hit the Like button and subscribe to the profile in order not to miss our updates.
The information given is never financial advice. Always do your own research.
FREE Telegram channel t.me
Follow me on Twitter twitter.com