Technical Analysis

Dash Has Bottomed And It’s Turning Bullish As ExpectedDec 3, 2024

Hello Crypto traders!

Crypto market is in a massive rally, which is not a surprise, as we were expecting big moves, because Dash a.k.a. Digital Cash with ticker DSHUSD was forming an ending diagonal (wedge) pattern for the last year. On August 05 we actually spotted final stages of wave 5 of the wedge pattern within wave (C) on a daily chart, where we mentioned and highlighted that a strong bullish reversal may show up.

Dash Has Bottomed And It's Turning Bullish As Expected DSHUSD Daily Chart From August 05
DSHUSD Daily Chart From August 05

As you can see today after 4 months, DSHUSD bounced perfectly as expected and it’s now sharply and impulsively recovering on a daily chart, out of a projected wedge pattern and back above important 44 level. So, with current ALTcoin dominance and ALTseason, bottom is most likely in place and we should be aware of more gains within a projected wave 3 of a five-wave bullish cycle, ideally back above 77 bullish confirmation level, just be aware of wave 4 correction before the uptrend for wave 5 resumes.

Dash Has Bottomed And It's Turning Bullish As Expected DSHUSD Daily Chart From December 03
DSHUSD Daily Chart From December 03

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