DASHing for Profits!

SUMMARY

DASH was one of my earliest core holdings. It had gone through a tremendous growth phase and I don't believe it's done yet....not even close. The WXY corrective waves seem quite complete and while the price rise from the bottom seems a bit sluggish; I believe an impulse could be in the forming.

I've laid out the basic impulse waves that could signal the trend reversal and provide the needed confirmation. The pattern draw out is also that of an Inverted Bulish Head and Shoulders; similar to Bitcoin. I believe most of the top 20 coins will have very similar patterns as work in progress. The waves 3 and 4 could also form the Right Shoulder of the H&S as shown in below chart.

The minimum price travel, IF this pattern completes and confirms is measured to be $1,321. The volume thus far confirms as well in that the LS volume is less than the H volume and the RS volume is also expected to be less that H.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It shoud not be considered financial or investment advice of any kind. One should consult with a financil or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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