We talked about Dash on October 1st, where we mentioned and highlighted a bullish setup formation. CLICK HERE.
It made a massive rally, so it’s most likely in wave 3 of a five-wave bullish impulse. In the 4-hour chart, we can see it slowing down, but it’s a sideways consolidation, which can be a bullish triangle pattern in wave 4. So, once it’s fully finished, be aware of a bullish resumption within wave 5, especially if it breaks back above 53 bullish confirmation level. In case of deeper and more complex correction, the second support would be at 30-28 area.
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