SUMMARY
The below chart shows my analysis of DASH which was posted on April 7th. It postulated that the downward wedge could dip a bit more prior to breaking out. Price at that point was $303. Price went as high as $544 which represents a 79% Profit!!
For DASH, the prospects are quite attractive from a Technical Analysis perspective. It's almost like a lyered cake so, please let me take you through the layers. The below shows an apparent Cup & Handle pattern. The rounded price formation countours can't be missed and give that the handle portion always coincides with a corrective Elliott Wave sequence, the red abc makes sense. This itself is often a wedge or a bull flag; but what's clear is that once the handle portion is complete; a breakout to higher highs is expected. So, this is the first layer.
The second layer is shown by the purple lines. It is a Cup & Handle at a higher degree of trend which encompasses the smaller pattern. The whole thing leads to a consolidation with higher prices but still allows price to churn betweenthe buyers and sellers.
Now, the next layer is the potential Inverted Head & Shoulders (white lines). IF this is correct, then the minimum price run could equate to $1,309 or so. But, given this is the minimum, it'll most likely be overrun. The LS, H, RS are shown in white and the volume thus far confirms. So, it's a three layered cake!
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 should not be considered financial or investment advice of any kind. One should consult with a financial 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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Ouuuyeah
Hype
Please Stop
In your your last 100 comments you used 98 phrases considered to be spam and you made this exact same comment 1 times. You've received 4 flags and you may see more on comments like these. These comments are the reason why your Steem Sincerity API classification scores are Spam: 78.20% and Bot: 5.70%
Please stop making comments like this and read the ways to avoid @pleasestop and earn the support of the community.
Excellent, I'm undermining DASH, and honestly I did not know all this, and although of course all work takes effort learning to work well the cryptocurrency brings you a huge benefit.
This haejin post has been downvoted, it is a @flagtarget.
READ: Resteeming @haejin's 8th 9th and 10th post of the day as target to be flagged.
They resteem 3 of @haejin's posts a day, and we concentrate our efforts on removing the potential rewards from those three.
Then @flagfund pays "The Braves" who flag those 3 posts every day, as you can see their posts are doing quite well.
Thanks for this analyse
Holy guacamole!
Truly a nice post, thank you so much for posting this great post for all the great, generous people for this great post.
all chart analysis is perfect.
What do you think of Groestlcoin?
very good post brother! a fellow chartist. you may want to check my blogs, I also to TAs :) upvoted!
Great Information!!
Thank you!
Coins mentioned in post:
You analyse lot of coins and it is really good for small investors
Wow. Very helpful!
Thank you for the great analysis!
Also thank you for the vote on my EOS analysis!
Appreciated!