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Dusk Network / Bitcoin

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DUSKBTC trade ideas

DUSKBTC Analysis 8/12/19DUSK shined today, ending up with a very strong +40% gain against Bitcoin. After breaking out of its downtrend last week, the coin suffered from a strong pullback but managed stay afloat as buyers defended the 840 sat support level. Since then, with increasing volume to back them up, buyers have been able to reclaim lost supports such as the 1100 sat and the 1370 sat support levels. The breakout of those two levels is extremely bullish and indicates an incredible resilience of DUSK while the rest of the altcoins are suffering against Bitcoin. We expect pullbacks to serve as opportunities for buyers to enter and prop up the coin's price. 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
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DUSKBTC Analysis 08/08/19DUSK dominated the altcoins market today showing an incredible 70% gain against its Bitcoin counterpart. This move is sustained by a strong increase in volume's momentum. We have to take into account the fundamental fact that DUSK has just been listed on Binance on July, 7th. Following a strong decrease, an impressive but normal initial to a coin listing, we are now seeing a revival of the volume as buyers step up and prop this coin up. Thanks to the soaring volume, the coin was able to break through its short-term downtrend. It is now entering a resistance zone at the 1400 satoshis level. After such an upward movement, we could expect some profits taking and therefore a price pullback toward the near term-support at 1100 satoshis,, a healthy movement that would help the coin to breathe and rebuild its momentum to target the 2000+ satoshis level. However if buyers were not able to defend the 1100 satoshis level, this would be a very bearish signal that could lead to a strong sell-off toward the 800 satoshis level and lower. 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
2
DUSK Bottomed out? (DUSKBTC)DUSK has been in a downtrend over the past 3 days since the initial listing pump up, fully retracing to pre-listing price. We've just broken out of the downtrend on the 30 minute chart had a first test of the valley. Looking to backtest the downtrend for a potential move up above 0.00001857. This is still a risky setup so be sure to set proper stop losses if you're entering. Entry: 0.00001810 - 0.00001840 Stop: 0.00001700 (below the current bottom, you can set tighter depending on your risk) Targets: 0.00001982 0.00002134 0.00002365
Long
by TraderoftheCorn
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