DASH is on an Elliott Wave Growth Pattern

1 mar 2017

We are currently experiencing a sustained 3 wave with constant ,growing volume and no signs of stopping. We should expect sharper upwards movement after a quick ABC retrace which could put DASH around 45-50 in the next few weeks to finish wave 5 of this first cycle.

DMI shows a strong BUY trend ADX over 65 on the 1D chart and an AO reading above 0 since december with no dips to bearish territory.

2 mar 2017

Trade chiuso: obiettivo raggiunto

The 5th wave briefly touched 50. Now the ABC corrective pattern is in effect. If 39 is breached on the way down, we can expect the price to fall back to the 20s. So good short opportunity ATM. Predicting DASH behavior after this point in these market conditions is difficult since the coin is in uncharted territory right now