DASH has continued to be resilient through the recent broader crypto market downturn. As analyzed previously, DASH has hit $200 several times and tried to push through but was unable, so a pullback to recharge was necessary. We may attempt another push through $200 within the next few days. Each of the DASH pullbacks was met with strong buying sentiment, so I continue to see upside potential for this trade. Buy the dips and patience for the breakthrough. If bullish energy returns to the broader market, this could help push DASH through the pivot point sooner.
Trade closed manually:
DASH is heading for a correction with the rest of the market. I remain bullish on DASH, but the bullish energy wasn't there at all today across the entire crypto market. Monitor BTC and watch for DASH supports at $170 and $162.
Here are the wavecounts for how the next couple of days should play out.