DASH has been very steady, avoiding a drop in yesterday's initial crash. This has attracted many investors who rushed in to chase security.
In this process, DASH also omitted retracement before going on Wave 5. Now at $800 it's already at the 1.618 level. Normally, this is already shaky. Indeed, in my previous post I set the target to $800.
I think at the next crash, either today or sometime before Monday, DASH will be implicated as it gets over-extended. The more over-extended it gets, the more weak hands rush in to chase "safety", the harder the correction.
Nonetheless, this is only Wave I on the longer term. By mid/late-Dec, I expect $1k.
In this process, DASH also omitted retracement before going on Wave 5. Now at $800 it's already at the 1.618 level. Normally, this is already shaky. Indeed, in my previous post I set the target to $800.
I think at the next crash, either today or sometime before Monday, DASH will be implicated as it gets over-extended. The more over-extended it gets, the more weak hands rush in to chase "safety", the harder the correction.
Nonetheless, this is only Wave I on the longer term. By mid/late-Dec, I expect $1k.
Note
Btw, I think before Monday BTC will crash.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.