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.
Become a premium member
Get daily Elliott Wave updates for SP500,DAX, GOLD, SILVER, CRUDE, FX, CRYPTO, etc. or apply for unlimited access to the Elliot Wave educational videos.