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DUSKBTC

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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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
1
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