DUSKBTC hits support of Wedge and formed harmonic for breakout
The price action of Dusk / Bitcoin has hit the support of the wedge and also hit at lower bands of Bollinger bands and now turning bullish to hit the resistance again.
All indicators are turning bullish.
The moving average convergence divergence indicators is giving bull signals by turning weak bearish from strong bearish.
Stochastic has also given bull cross from the oversold zone which is very strong bullish signal.
And if we see the directional movement then it can be clearly seen that the ADX which was previously assigned to –DI (-DI is the line which represents the bears) is down now and +DI (+DI is the line which represents the bulls) has crossed up the –DI and it is another strong bullish confirmation.
And the most strongest signal which can lead even the price action to breakout the resistance of this wedge is the formation of bullish BAT inside this wedge and the price action has taken bullish divergence from the potential reversal zone of this bullish harmonic BAT pattern:
Now we can set our sell targets between Fibonacci projection area of tail to support of this wedge between 0.382 to 0.786 Fibonacci as below:
Sell between: 0.00000662 to 0.00000850.
So if we buy even here then this trade has potential to take 50% bullish move.
Regards,
Atif Akbar (moon333)
All indicators are turning bullish.
The moving average convergence divergence indicators is giving bull signals by turning weak bearish from strong bearish.
Stochastic has also given bull cross from the oversold zone which is very strong bullish signal.
And if we see the directional movement then it can be clearly seen that the ADX which was previously assigned to –DI (-DI is the line which represents the bears) is down now and +DI (+DI is the line which represents the bulls) has crossed up the –DI and it is another strong bullish confirmation.
And the most strongest signal which can lead even the price action to breakout the resistance of this wedge is the formation of bullish BAT inside this wedge and the price action has taken bullish divergence from the potential reversal zone of this bullish harmonic BAT pattern:
Now we can set our sell targets between Fibonacci projection area of tail to support of this wedge between 0.382 to 0.786 Fibonacci as below:
Sell between: 0.00000662 to 0.00000850.
So if we buy even here then this trade has potential to take 50% bullish move.
Regards,
Atif Akbar (moon333)
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