Technical Watch: Buy Acceleration on $DUSK
The hourly candle closed with clear momentum:
- Price: 0.0715
- Change: +4.61%
- Price Movement Power: 3.8x higher than usual
- Trading Activity: 18.3x higher than usual
- RSI: 77.4
- Confirmed breakout above the top of the last 20 candles
• Closest key average: EMA 50 on the 1D timeframe and it is currently acting as the main support.
Analysis of Higher Timeframes:
• 4H: 🔴 Bearish — the last close was below EMA20/50/200; staying below them supports the bearish trend. The current candle is trying to break upward through EMA20/50/200; we await a close above it for confirmation.
• 1D: 🔴 Bearish — the last close was below EMA20/50/200; staying below them supports the bearish trend. The current candle is trying to break upward through EMA20/50; we await a close above it for confirmation. Closest to price: EMA50.
Technical Summary:
• 1H: 🟢 Strong and confirmed bullish
• 4H: 🔴 Bearish
• 1D: 🔴 Bearish
Fish Hunter
Alert: This report is for personal follow-up purposes. Open the coin on more than one timeframe and determine its direction based on your own view; then place your trade. Good luck to everyone
Follow our account for more opportunity captures
$DUSK
#DUSK #BinanceSquare #CryptoTrading
The hourly candle closed with clear momentum:
- Price: 0.0715
- Change: +4.61%
- Price Movement Power: 3.8x higher than usual
- Trading Activity: 18.3x higher than usual
- RSI: 77.4
- Confirmed breakout above the top of the last 20 candles
• Closest key average: EMA 50 on the 1D timeframe and it is currently acting as the main support.
Analysis of Higher Timeframes:
• 4H: 🔴 Bearish — the last close was below EMA20/50/200; staying below them supports the bearish trend. The current candle is trying to break upward through EMA20/50/200; we await a close above it for confirmation.
• 1D: 🔴 Bearish — the last close was below EMA20/50/200; staying below them supports the bearish trend. The current candle is trying to break upward through EMA20/50; we await a close above it for confirmation. Closest to price: EMA50.
Technical Summary:
• 1H: 🟢 Strong and confirmed bullish
• 4H: 🔴 Bearish
• 1D: 🔴 Bearish
Fish Hunter
Alert: This report is for personal follow-up purposes. Open the coin on more than one timeframe and determine its direction based on your own view; then place your trade. Good luck to everyone
Follow our account for more opportunity captures
$DUSK
#DUSK #BinanceSquare #CryptoTrading