DASH Long Term Hold
Dash is looking like it is about to enter its third major wave after bouncing from the 0.716 Fib retracement level, and then breaking major resistance on the daily. Based on EW/Fib, we can predict that the price will continue up until likely the $800-$850 range. We could see it $1150, or even $1500, however that may require some major fundamental news. I see $800 as the most likely, but if it is to follow Bitcoin with its leg up between $1000 and $3000, then we can expect to see Dash reach closer to the $1150 mark. Take the time frame and waves 4 and 5 with no merit, as this is purely just a price indication of the next wave. Once we can confirm that a top has been reached, we can start predicting future movements of the following 2 waves.
If the RSI can break upwards out of the descending wedge, I would be extremely confident that we are about to see wave 3
If the RSI can break upwards out of the descending wedge, I would be extremely confident that we are about to see wave 3
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