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Dusk Network / Bitcoin

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DUSKBTC trade ideas

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 .
by tokenmetrics
DUSKBTC Analysis 8/14/19Dusk prices have soaring against Bitcoin. The coin has been able to manage to breakthrough every one of its resistances. This is a very good sign for the coin to be able to attract buyers within an environment where altcoins are suffering. However, the current movement has gone parabolic and the trend is now stretch, overextended. This could lead to some profits taking and therefore a strong pullback in the days to come especially as we are heading into the 2700 satoshis resistance level. We could therefore expect a healthy pullback toward the 2100 satoshis level and even the 1300 satoshis level. This pullback wouldn't affect the current coin's uptrend. 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 .
by tokenmetrics
Dusk Network Breaks Its Downtrend (Over 480% to ATH)Dusk Network (DUSKBTC) broke its downtrend with good strength and volume. We can now see that DUSKBTC is trading above EMA10 and EMA50, both were broken in one single candle followed by healthy consolidation and additional growth. DUSKBTC can produce a strong move to the upside if it can remain trading above 0.00001270. Moving below EMA50 (0.00001162) can lead to more bearish action, above this level DUSKBTC remains highly bullish. Both the MACD and RSI are on the bullish zone. Targets can be found on the chart. Thanks a lot for reading. Namaste.
by AlanSantana
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