DUSK Network Price Prediction & AnalysisProvided for an appreciated watcher. In this analysis, I have done a quick technical analysis on the DUSK crypto to see where it can go in the upcoming days.
DUSKUSDT.PS trade ideas
DUSK / USD (Dusk Network) Token Analysis 04/11/2021Fundamental Analysis:
Dusk Network describes itself as a blockchain for programmable and confidential securities, powered by Zero-Knowledge proofs and novel Private PoS leader extraction-based consensus protocol. Dusk Network is a privacy blockchain for financial applications. It is a layer-1 blockchain that powers the Confidential Security Contract (XSC) standard, and supports native confidential smart contracts.
Dusk Network aims to address the requirements and needs of financial markets. Central to its design is a scalable public infrastructure, direct settlement finality of transactions, and strict data privacy.
Direct settlement finality. A distributed Financial Market Infrastructure (dFMI) should provide clear and final settlement of transactions. On Dusk Network transactions are fast, take seconds to complete, and achieve immediate on-chain finality.
Privacy. Dusk Network provides full user privacy and enables decentralized applications and third-parties to adhere to strict compliance requirements whilst still offering data privacy. This increases the ability to perform business processes on-chain, leading to significant cost reduction.
Public. Users do not need the approval of a trusted authority to use the Dusk Network blockchain. Besides, only minimal processing power and modest IT resources to join. All users who possess the DUSK token can participate in the consensus.
Through the use of a transactional model called Phoenix, Dusk Network focuses on bringing privacy and anonymity to both transactions and smart-contracts. Additionally, tokens deployed on Dusk Network can build on top of Zedger, a hybrid privacy-preserving model based on Phoenix, specifically modeled for security tokens.
The ‘Segregated Byzantine Agreement’ (SBA) consensus mechanism secures the network. According to the team from Dusk Network, SBA is an improvement over the underlying Proof-of-Stake (PoS) mechanism as it combines existing ideas like cryptographic sortition (lottery), stealth time-locked transactions (private stake amounts) and a reputation module to increase the chances of selecting honest nodes and further promote decentralization.
DUSK tokens can be used as a utility token to initiate transactions and atomic swaps, or for the deployment of smart contracts. DUSK can also be staked to participate in consensus and serves as a means of exchanging DUSK-denominated value. In the future, the team intends to expand the use-cases of DUSK by adding it to an on-chain governance system.
Dusk Network was founded in 2018 and is based in Amsterdam, the Netherlands.
The live Dusk Network price today is $0.182089 USD with a 24-hour trading volume of $2,977,375 USD. We update our DUSK to USD price in real-time. Dusk Network is up 6.17% in the last 24 hours. The current CoinMarketCap ranking is #540, with a live market cap of $69,314,818 USD. It has a circulating supply of 380,663,707 DUSK coins and a max. supply of 1,000,000,000 DUSK coins.
Technical Analysis:
The price has fallen to lower than 78.6% Level of Fibonacci Retracement zone and has already made a good value basis for the Accumulation,
we can clearly see a cycle has already been Placed in past and currently the Price is on the edge to start the new cycle where we can target the higher levels.
there are 3 main target areas defined for this Token Accoringly
dusk cup and handleThe target of the model is 71 cents initially
There are other goals that we will clarify in the future
DUSK USDT Long SetupDUSK USDT just made a new All Time High
Either we'll dip from here to my buying zone
Or if DUSK closes above ATH for next 2 days we should target 1$ then
Much depending on BTC movement
DUSK HIT TargetDUSKUSDT played out exactly as i projected in my previous analysis, just about to hit our upside fib target secured +41% profit here and closing out position now, i hope some of you capitalised on the free analysis given here
duskusdt breaks the trendline and succesful retest it.dusk usdt bnreaks the trendline and succesfully retest it.
ZK Narrative strong play into Q1 2022Charting SCRT, Dusk and Sys against each other and rotating between them will probably be a strong play coming into 2022. Dusk chart also looks amazing. Retest local resistance as support then straight to 1$ please. If DUSK can reach 10% Mc of MATIC, that would put it a x4 from here...
DUSKUSDT - UPDATESince its recent bullish rally, a move we capitalised on with students. Price has now made a beautiful correction to the 0.5 Fibonacci and started to show rejection at this zone. Waiting for 4H candle to close above the zone identified before we can look for another entry.
DUSK ContinuationLooking to enter this DUSK swing continuation setup with target at the next higher timeframe structure.
DUSK/USDT : BREAKDOWNDUSK/USDT : BREAKDOWN of support and trendline, bearish trend for short term
Disclaimer : investment is your own decision
Dusk on track to $1Dusk marketcap around $250m and huge potential for the future with their ZK launch in February 2022
DUSKusdtAn interesting setup, if it gets fixed, it can go further and mean, the question, of course, is the fundamental reasons: "what are they?".
The main idea is that the level will be fixed.
If there is no consolidation, then it can go up to 0.1. We can assume that the movement is already over, 1 = 3 wave, and 5 = 0.618 from 3 and this is a false "puncture".
DUSK network, bullish weekly chart, might go parabolic DUSK network, bullish weekly chart, might go parabolic in the coming weeks
In the poast cycle we've had defi -> nfts -> dogcoins -> metaverse
In my opinion ZK's (zero knowledge) protocols/dapps might be the next big thing in blochchain. DUSK is one of the frontiers on the development of ZK applications
Dusk heading to $1Dusk Network describes itself as a blockchain for programmable and confidential securities, powered by Zero-Knowledge proofs and novel Private PoS leader extraction-based consensus protocol
DUSK USDT Next move ???looking at DUSK USDT again . we may see this. first up to make a double top then a 50% drop....
DUSK - Huge potential upside. Passive Income Generator.DUSK has the potential to be a hidden gem that rallies to over $1 or higher. In the crypto world where there have already been many 10x or more coins this cycle, a lot of coins have already rallied in my opinion. While they could still rally to even higher highs, the chance to get in on SOL or AVAX or EGLD or ONE at low levels is past.
Enter DUSK.
This privacy based token is being developed in the Netherlands and seeks to be compliant with current laws and regulations. It is currently still a token, riding on the Ethereum blockchain, but their testnet is scheduled to launch on Feb 1st, 2022. Eventually their mainnet will launch. After that happens, DUSK will go from being a token to a COIN with it's own blockchain and it's use cases will go up significantly.
I believe it has the potential to more than 10x from here.
Passive Income opportunities:
Also, given that it currently paying out at a set 12% APR if you stake your DUSK tokens with them, I believe it to be a great long term holding. Another way to earn passive income with this token is with the Binance.com DUSK-USDT liquidity swap pool which is currently paying out 40%+ (note: the high payout is based upon currently trading activity, if the volatility goes down, then so will the fees earned by adding funds to this swap pool, make sure you understand how liquidity pools and AMMS work before investing).
Short term Trading opportunity:
If DUSK can make a new all time high, I believe it will rally up to just over .60 per coin before a pull back.
*NOT FINANCIAL ADVICE*
Links:
dusk.network
dusk.network
staking.dusk.network
Dusk Network : 12.12.2021 : $DUSKThe price has reached a very important resistance range, and if this resistance breaks , we can expect the price to increase to the following targets:
☑️ TP1 : 0.63$ (Short-term target)
☑️ TP2 : 1$ (Mid-term target)
☑️ TP3 : 2.18$ (Long-term target)
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 12.DEC.2021
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
patterndusk
It penetrated and did a successful retest. All you need is a little positivity to enter a new wave, God willing 😎😎😎😎
DUSKUSDT - Long - Potential 22.85%DUSKUSDT - Long - Potential 22.85%
Exchanges: Binance, Bittrex
Signal Type: Regular (Long)
Entry Zone:
0.2704 - 0.2789
Take-Profit Targets:
1) 0.3043
2) 0.3268
3) 0.3439
Stop Targets:
1) 0.2539
Entry Trigger - Bullish Divergence, Trendbreak
DUSKHi traders!
What I see on DUSKUSDT👀
-price broke up the channel with volume✅
-price is in the volume candle zone✅
-price is accumulating in a shape of triangle✅
Possible target is liquidity above ATH📈
NFA
Trade safe and with strict MM 🛡
DUSK - Bullish RetestPrice Broke up through, after creating a Bullish Pennant.
It's pull back caused me to draw a bullish retracement, Which highlighted the retrace currently sitting on the .618 fib line.
Due to both the decrease in volume (signalling a readiness of price explosion), & the fact that the .618 is such a strong indicator. I am lead to believe that a strong bullish push could be imminent, granted it doesn't fail the re-test.
Entry: 0.3175
S/L: 0.3087 (2.76%)
T/P: 0.3461 (8.96%)
R/R: 1:3
