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.
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.
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