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Dusk Network / Bitcoin

0.00000054BTCR
0.000000000.00%
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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
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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