DUSKBTC Analysis 8/12/19
DUSK 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/pages/transparency................................................ .
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/pages/transparency................................................ .
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