We are experiencing the formation of an Elliot wave. The ascending wave is at its final stage. Will
DASHUSD
reach the top of the wave 5 ($880)?
RSI is at 59 (by the time I am posting this idea) and trending upward, which indicates that there is enough room for the price to reach $880 before reaching 70 (overbought area). But who knows? With cryptos, everything is possible.
If DASH reached the top of the wave, we should expect
Entry Point $745.
Stop Loss $640.
Target Profit $880 (15%-18% profit).
Learn more from my previous post on
DASHUSD
Smart Trading!
Elliot Wave Explained
The chart shows a rising 5 wave sequence. The entire wave is up as it moves from the lower left to the upper right of the chart. Waves 1,3 and 5 are impulse waves because they move with the trend. Waves 2 and 4 are corrective waves because they move against this bigger trend. A basic impulse advance forms a 5 wave sequence.
DASHUSD
reach the top of the wave 5 ($880)? RSI is at 59 (by the time I am posting this idea) and trending upward, which indicates that there is enough room for the price to reach $880 before reaching 70 (overbought area). But who knows? With cryptos, everything is possible.
If DASH reached the top of the wave, we should expect
- The Elliot Wave pattern to break out
- Maybe the formation of an Elliot Wave (A,B,C,D,E)
Entry Point $745.
Stop Loss $640.
Target Profit $880 (15%-18% profit).
Learn more from my previous post on
DASHUSD
Smart Trading!
Elliot Wave Explained
The chart shows a rising 5 wave sequence. The entire wave is up as it moves from the lower left to the upper right of the chart. Waves 1,3 and 5 are impulse waves because they move with the trend. Waves 2 and 4 are corrective waves because they move against this bigger trend. A basic impulse advance forms a 5 wave sequence.
