Dash Forms Bull Setup
Oct 9, 2024

DSHUSD

Looking at the 4-hour chart of Dash with ticker DSHUSD, we can see sharp and impulsive bounce from August lows after that final leg (C) of Y of 5, so strong support can be actually in place, if we consider it’s breaking above channel resistance line by a five-wave impulse. That said, watch out on more upside after current a-b-c correction that can finished at projected 22-20 support area, but only impulsive five-wave recovery back above channel resistance line and 26.70 region would be confirmation for bulls. Invalidation level is at 19.

DSHUSD 4H Chart

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