DASH LONG BREAKOUT, First Target 0.85 at least!
Dash is undervalued after its hard consolidation. The Chart shows a double bottom W formation so probably there will be an uptrend. If enough volume is in the market Dash will continue its uptrend after the W is finished.
DASH is currently consolidating, as we continue to find the $90 level to be supportive. As the market stabilizes, I believe that the buyers will push towards the $103 level above. Short-term dips offer value in building a position in this region is certainly a viable option when it comes to trading. I have no interest in selling, as there seems to be quite a bit...
As we can see Dash is on a nice breakout of it's short-term downtrend. With the MACD sending a buy signal, it's a good opportunity to buy.
Perfect bullish bat has completed, Dash heading to resistance. same pattern happened two years ago perfectly. P&L ratios are shown.
This is what dash looks like after the pump two years ago. Happened to be a bullish butterfly, hit the resistance and went down. How similar we are right now. Histories repeat itself all the time.
Looks like Dash is bouncing off of support with a pretty good size bullish engulfing bar. I also got a buy signal with my Buy Sell no repaint indicator.
DASH/BTC is not at the end at all. After the 2nd dip we will see the last impuls wave according Elliott. The Target for this move ist ~0.19 based on Fib-Retracements and Elliott Wave Theory. This theory is just valid if we dont see a valid Elliott Correction Wave (A,B,C).
Several interesting elements here : - Nice oblique resistance - Hitting a former resistance - 0.786 fib retracement Target : as high as you can hold the position without fearing it to go downward, patience being bitter and its fruit sweet, shall we say. Taking long on bitfinex, this does not constitute an investment advice, beware of cryptocurrencies' high...
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...