DUSK has had an impressive run since the low of January 22nd to the high on January 26th, a +51% gain. After a few Zig Zags, DUSK has lost about 11% of those gains.
Now I would like DUSK to retrace towards the Golden Pocket, for that it needs to break below Support 1 and Support 2. While it's taking stabs at Support 1, it is at the bottom of the weak channel since January 24th, and I believe it still has one last bounce left in the channel (or not).
I won't be considering an entry until DUSK clears Fibonacci Retracement level of 0.382.
When in trade I keep to a strict Risk Management plan and keep an eye on BTC
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
Now I would like DUSK to retrace towards the Golden Pocket, for that it needs to break below Support 1 and Support 2. While it's taking stabs at Support 1, it is at the bottom of the weak channel since January 24th, and I believe it still has one last bounce left in the channel (or not).
I won't be considering an entry until DUSK clears Fibonacci Retracement level of 0.382.
When in trade I keep to a strict Risk Management plan and keep an eye on BTC
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
Nota
Like a glove! DUSK will probably bounce off this Support, as BTC is looking a bit bullish.Looking forward to future DUSK setups!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.