DASHing for Profits!

in #dash7 years ago (edited)

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.

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DAAAAAASSSSSHHHHH...that is all...

Possible scenario for sure. People should take note that if bitcoin doesn't go up, dash won't either. Everything in the crypto space revolves around bitcoin. Investing in anything outside of bitcoin increases more risk, but also increases potential gains.

JRcrypto


Price Analysistt.png

thanks @haejin for sharing your analysis, DASH no doubt awaits a great future in the world of cryptocurrencies

So who cares how much one is paid for his/her expertise? Obviously people find value in Haejin's work/analysis. If you have something of value on a positive basis that enriches other investors, perhaps your coffers will be filled.... your jealousy/envy is sad.

Excellent...I have been make money with dash <3

wow congratulations for the success of his DASH mr. @haejin .. i salute with his hard work and we just wait for the results while updating existing applications .. once again congratulations mr. @haejin greeting me warmly and good luck tergers victorious work

I think the H&S would have beter form/fit for the larger one if formed at around $840 or so.

So who cares how much one is paid for his/her expertise? Obviously people find value in Haejin's work/analysis. If you have something of value on a positive basis that enriches other investors, perhaps your coffers will be filled.... your jealousy/envy is sad.

The world of cryptocurrencies is exciting. Dash does not escape from this reality. Excellent analysis @haejin