DASH Multi-Cycle Bottom Ramblings
Updated
I think DASHUSD has found bottom and is about to embark on its next impulsive wave. Wave 3 is exactly 161.80% of wave 1, which is an amazing confluence!
I do think the price will lag some vs RSI. So keep an eye out on a bullish RSI reading over the next couple of months and then followed by some positive PA.
Cheers!
- Wave 2 retraced to .618 (nice) but the next wave correct to 0.5-0.55 (with manip/fakeout)
- The multi-year downturn has formed a bullish wedge (RSI wedging too which is nice)
- Up & Onward
I do think the price will lag some vs RSI. So keep an eye out on a bullish RSI reading over the next couple of months and then followed by some positive PA.
Cheers!
Trade active
I was hoping we'd see a double bottom against the lower side of the falling wedge but I guess support is stronger than anticipated. It's looking good!
Note
Some TP
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