DUSK Technical Analysis: It Is A Great Time To Buy

The DUSK cryptocurrency is one of the last to start correcting its growth wave. If the bulk of cryptocurrencies were already actively falling in November, DUSK was in consolidation at historical highs until mid-January. The first three weeks of the DUSK price fall encouraged investors. The price moved in small steps to the test of the previous historical high. However, after breaking the $0.4623 mark, sellers began to put more pressure on the price. An interesting fact is that the trading volumes have become smaller, and the result of pressure from sellers on the price is better. This proves the importance of the $0.4623 mark and the willingness to keep the DUSK price while the $0.4623 mark was under the control of buyers. https://www.tradingview.com/x/4BYm6kMW/ Locally the situation is under the control of sellers. To change the initiative in the DUSK market, buyers need to keep the price near $0.22. The range of $0.22 is the local level, which restrained the growth of DUSK price during September-October 2021. In addition, this range is a global trend line of the growth channel, which buyers are confident from March 2020. So far the price is above this trend line the chance of forming at least a local growth wave with the first target of $0.75 is quite high. DUSK Technical Analysis On The Daily Timeframe https://www.tradingview.com/x/H1l0VjNI/ Analyzing the DUSK price movement on the daily timeframe, you can see the narrowing of the cryptocurrency volatility. The price has stopped actively updating both local lows and local highs and is trading in the wedge. At the moment, our main scenario is a test of $0.26 and a sharp jump to $0.46. But, for such a scenario, the DUSK price should fall without sharp movements, and corrective rebounds should be deep. Another signal to buy DUSK will be an increase in trading volumes during the $0.26 test. Though, volatility must remain low during this event. In case of breaking the $0.26 mark and fixing the price lower on the weekly timeframe, the next stop is at the $0.13 mark. However, in this case we should forget about the formation of the growth trend in the near future. The DUSKBTC Price Reaches A Tasty Purchase Zone https://www.tradingview.com/x/MAmXS8wZ/ The range 0.00000836 is the most important for the DUSKBTC price. As we see in the weekly timeframes, this range has been a major problem for buyers since August 2020. Keeping this range buyers will prove their willingness to continue the global growth wave from January 2021. In this case, even with a weak but stable cryptocurrency market, investors will begin to transfer capital into the DUSK cryptocurrency in the first place. DUSKBTC trading volume is steadily declining as it approaches the main liquidity zone. This fact indicates the unwillingness of sellers to break the mark of 0.00000836. If the situation does not change, the probability of the DUSKBTC price rebounding with the first target of 0.00001712 is very high.

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