Dusk Network Retrace Over? | Where To Next?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 that the price managed to close above EMA100 (blue line) and is also trading above EMA50 (magenta). If there is follow up from the bulls here, DUSKBTC can easily move higher (purple and green arrows).
If instead, the price moves back below these levels, EMA50/100, then we can expect for the red arrow to be followed.
Dusk Network (DUSKBTC) Chart Signals
The signals are mostly bullish right now...
We have a falling wedge.
Broken downtrend line.
MACD bullish crossover.
RSI on the bullish zone.
Trading above EMA10 (which equals bullish potential).
My view . Dusk Network can easily bounce here. If you decide to buy and trade, always make sure to have a plan. What to do if it moves down strong? What to do if it goes up? What to do if it goes sideways?
Prepare for all scenarios...
This is not financial advice.
Namaste.
Dusk
DUSK (Dusk Network) Falling Wedge ..!!DUSK (Dusk Network)
- Forming Falling Wedge Pattern in 4Hrs Timeframe..
- Volume Is Decreasing & Indicators Turnig Bullish So Breakout Expected..
- Need Some Crispy Volume for Healthy Uptrend..
- Buy Some & hold till Given Targets But stop Loss is Must (Manage Your Risk As Well)
What is DUSK Network??
Dusk Network is a privacy-oriented blockchain protocol, that anyone can use to create zero-knowledge dApps. By allowing Dusk to be openly accessible, Dusk Network aims to become the privacy infrastructure of choice for an entire ecosystem of solutions.
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ICON trade with a good risk rewardICX broke out of accumulation zone and a while looked like a pump and dump pattern. Buyers stepped in and prevented the price from falling. 50% fib retrace level confirmed as support and 4h candle is now looking to close above the initial close. There is also a multi timeframe confirmation on the move, including 1d, 4h, 1h and also smal 30 and 15 min timeframes. CALCULATE YOUR RISK and this should be a good a good risk reward
$DUSK Ready For Another Run?$DUSK is looking like a great potential buy right now. It has bounced PERFECTLY on the .618 Fib and looks like it might be ready to break out of a falling wedge. Additionally it looks like the MACD is about to have a bullish crossover as well. I am for sure taking a position here but am still waiting for a breakout to confirm a reversal. This could be the start of Elliot Wave 3!
*This is not financial advice. I am not responsible for any losses of money.*
$DUSK / $USDTBuy order filled at .1736 for Dusk. If this indeed is where we start Wave 3, then I have the end of Wave 3 marked for a 1.618 extension. Considering hype and potential announcements and upcoming launches, we could see further as well. Still early to confirm if this is indeed the bounce. Order was set this AM when we were breaking down into .18s.
Massive Cup and Handle Pattern On The $DUSK 4h ChartThere is an obvious cup and handle pattern forming on the 4h chart. The pattern dates back to July 26th. (26 days ago). I'm also toying with the idea that this could be Elliot Wave 1 and 2. Wave 3 could send us as high as 4500-5000 sats. This handle should not correct much longer so I'm starting to take a couple positions now. If the support line is broken (about 1800 sats) I will exit this trade because price could go lower.
DUSKUSDT has formed bullish BAT | Upto 27% profit possibilityPriceline 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
Regards,
Atif Akbar (moon333)
duski think dusk have very very important point =0.00002119 btc
case 1(green way ): if dusk can hold 0.00002119 btc we can expect dusk according green way will go to 0.000038 btc
case 2(red way ): if dusk cant hold 0.00002119 btc and break it then will go to 0.00002037
attention:4h macd now is negative . check it at 0.00002119
DUSKUSDT Leads the market Once moreBINANCE:DUSKUSDT looks pretty healthy after last bull run which continues upwards however to break above 0.29xx wee need a massive buying volume to at the green FLag area.
Volume shows nice growth at the moment but we need to hit around 13,650,xxx.xx to confirm further expansion .
Rsi is also healthy along with MACD . MACD needs to go beyond trend line {colored red in the chart}
Chart is only for educational purposes.
sometimes you earn the other times you learn.
Keep the stop loss on . Never bet 100% of capital in one basket.
Previous analysis
dusk short chart on binancedusk now cant break mtl line of chart and i think move to lowest line of chart . i dont know when reach to lowest line but chek it and buy .
buy point: at lowest line of chart
target = highest line of chart= over 0.000027 btc
good luck
attention : long time chart that published today confirm this action
DUSKBTC formed a bullish BAT | A good long opportunityPriceline of Dusk Network / Bitcoin Cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
I have defined the targets using Fibonacci sequence as below:
Buy between: 0.00002231 to 0.00002164
Sell between: 0.00002390 to 0.00002629
Regards,
Atif Akbar (moon333)
DUSK/USDT (1H)We are approaching the 1st zone of interest. 1st safe pourchase is on the middle of the channel and 0.6 level fibo. Zones of interest and targets are on the chart. Good luck everyone!
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DUSKBTC Analysis 8/16/19DUSK Network has shown an incredible resilience this week while altcoins have been suffering against their Bitcoin counterpart.
The coin has managed to attract buyers and maintain the buying pressure throughout the week, sending a very bullish signal.
After such a strong move, the coin is showing some signs of weakness. Momentum has been falling, volume has been decreasing. The stochastic oscillator is showing a bearish crossover on the 4h timeframe, indicating that a pullback is likely to occur.
However, the coin has many strong resistances all the way down at the 2500 satoshis and the 2100 satoshis levels. In case the last one is broken, we could see a strong retracement toward the 1400 satoshis level.
We expect buyers to step in and defend the aforementioned levels.
Raphaël Comte
Investment Analyst at Token Metrics
Disclosure: Token Metrics is a regular publication of information, analysis and commentary and does not provide individually tailored investment advice. Its principal has advised and invested in many blockchain companies. A complete list of his disclosures, advisory roles and current holdings can be viewed here: ianbalina.com .