Technical Analysis

Dash Is Looking For The Final Leg DownSep 8, 2023

Dash is looking for the final leg down, as we see it finishing a bearish triangle pattern by Elliott wave theory.

Cryptocurrency Dash with ticker DSHUSD is one of the weakest coins, which is now finally breaking lower to a new low of the year as expected, but ideally that’s now the fifth wave of a five wave drop from 80.00 area. So, there can be some price stabilization still this year, probably around 18-20 area, once a five-wave cycle of the lower degree fully unfolds when looking at the 4-hour chart.

Dash Is Looking For The Final Leg Down DSHUSD 4H Chart
DSHUSD 4H Chart

Currently on the intraday hourly chart, we can see it trading in subwave (4) correction that can be a triangle or flat pattern, so be aware of a retest the lows for wave (5). A rise above 30 will suggest that either low is already in place or it’s going to face more larger and more complex correction.

Dash Is Looking For The Final Leg Down DSHUSD 1H Chart
DSHUSD 1H Chart

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