DASH gets Gut Punched but Still One of the Most Bullish Cryptos!Dash (DASHUSD) pulled back so hard that we did break our previously-primary purple pattern and are now following the orange alternate pattern. The orange pattern calls the recent low the actual subwave (ii) while the purple subwave (i) remains as-is. LTC, SOL and LINK have also followed a similar pattern in which their nested 1-2,i-ii setups may have invalidated, but they did not completely reset their structures the way BCH, ETC, EOS and FIL have.
If you're feeling the need to BTFD (Buy The Freaking Dip), this may be a solid time to buy Dash. As the rally does take off in the 3rd wave, it will be prudent to shift to DCA , dollar-cost averaging as your primary means of continuing to invest into DASH and other cryptos. This reduces the likelihood of inadvertently only buying highs by detaching your emotions from the process.
While this crypto is not as popular as many of the other alt coins I've analyzed, Dash is one of the few altcoins along with Polkadot, Polygon, and Solana that HAS hit its standard Wave 1 target that allows us to maintain such lofty targets for subsequent rallies (just as with BTC & ETH). Stay tuned for my big picture charts on Dash, which include price targets!
I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this analysis is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels.
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