Dashusd
DASH projectionDASH has had a very rush recover from its low at 133$.
Taking this point as deepest low in the near past (C) we have entered a new rally.
What might be the next movements, according to EW with fib retracement and some swing trend lines? And could it fit with the expected movement in BTC?
I´ve drawn the answer into the chart.
In my BTC-analysis I expect a correction in the near future and with DASH correlated to BTC at 0.72 (on Bitfinex-database) it will follow this move with high probability.
After this correction I expect that the altcoins and BTC will take the course to higher prices. And I hope this next move will be accompanied with more volume, showing that confidence is coming back and the market is wider than atually.
RSI and MACD also show more strength and give bullish signs.
This is no trading advice!
Near a 1D Lower High. Short.DASHUSD is approaching the Lower High of the 1D Channel Down (RSI = 59.378, MACD = -7.110), which is also the 0.5 Fibonacci retracement mark since the last High. 1W remains bearish (MACD = -86.700, Highs/Lows = -13.6249, B/BP = -112.0029) and every Lower High should be anticipated and shorted. We remain bearish on the long run with TP = 100.21.
BTCUSD EW analys road [7000$ -> 5300$ -> 20000$]BTCUSD EW analys road to NEW YEAR 2018
Hello everyone, after a long break from May, I update the information about the bitcoin movement
Look at the previous analysis, he was true!
But back to today's situation
and I think we are in the fifth wave of the correctional figure. That is, I expect in the near future growth in the region of 7000 and then again fall to 5300, after which the correction beginning with the month of January will end, and we will continue to move in the final fifth wave of momentum in the area of $ 20,000
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Approaching the target. Short.DASHUSD remains on a very controlled 1D Channel Down (RSI = 33.269, MACD = -19.390, Highs/Lows = -5.7463, B/BP = -24.7908), steadily approaching our TP = 100.21. The dominant trend on the long term remains bearish too, as the 1W Falling Wedge is intact (MACD = -89.850) but approaching a depletion point as it is being narrowed near 69.83 (May 15th, 2017 low).
Low tested. Further selling pressure. Short.As expected the 165.3263 Low broke and the 1W Falling Wedge (RSI = 34.709, MACD = -86.950, Highs/Lows = -75.6494, B/BP = -164.8717) is now looking for the Lower Low extension. Our TP remains more moderate = 100.21 and with 1D on a 27.783 RSI and oversold on 5 indicators, it is a probability for next week.