DASH May Have Found The Strong Support
Dec 9, 2022


DASH may have found the strong support, as we see it recovering within an impulsive five-wave cycle from Elliott wave perspective.

DASH with ticker DSHUSD is bouncing strongly and in an impulsive fashion away from the lows and it’s just about to break channel resistance line. It means that ending diagonal within wave 5 of (C) on a daily chart can be completed and bottom already in place, however, keep in mind that first bullish evidence is only above 69 region.

DASH May Have Found The Strong Support Daily Theory Chart
DSHUSD Daily Chart + Theory

In the 4-hour chart we are tracking now a minimum three-wave (A)/(1)-(B)/(2)-(C)/(3) recovery that can send the price higher within wave (C) or maybe even wave (3), but ideally after a pullback in wave (B)/(2) which may show up as soon as it completes a five-wave rally within wave (A)/(1).

DASH May Have Found The Strong Support 4H Theory Chart
DSHUSD 4H Chart + Theory

Even OmiseGO is nearing strong support area. Check our free chart HERE


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