Dash had a 74% correction in 2017 before its last leg in the bull run ,In 2021 we're seeing very similar things playing out with a massive 80% corrections .
But looking out at the grand schemes of things Dash doesn't look all that bad !!!
Looking at the bear market of 2018-2020 ,we can clearly see a inverse Head and Shoulder forming.
Dash is lagging behind in this market cycle as it has still not reached out to its major fib retracements levels i.e 0.618/0.702/0.786
But Dash is very near to its 2017 March Peak which has acted as a level of S/R and break of this S/R would clear the picture very well and I see a bullish break anytime soon based on the BTC position in this market cycle .
Dash is very far from its 2017 peak and based on the fib extension from the top to bottom we get a target of about 6500usd .But before that using the rally prior to BTC capitulation placing the 0.236 fib extension on it ,
we get a target of about 3500usd which may act as a hurdle and that could be the top of this market cycle for dash but break of it would lead dash to 6500usd.
Using the fractal from march 2017 Bull run ,we can see it extends to near full 4.236 fib extension levels.
Seeing the on-chain data of Bitcoin and rest of the crypto market as a whole , things look optimistic.
#NFA
#DYOR
But looking out at the grand schemes of things Dash doesn't look all that bad !!!
Looking at the bear market of 2018-2020 ,we can clearly see a inverse Head and Shoulder forming.
Dash is lagging behind in this market cycle as it has still not reached out to its major fib retracements levels i.e 0.618/0.702/0.786
But Dash is very near to its 2017 March Peak which has acted as a level of S/R and break of this S/R would clear the picture very well and I see a bullish break anytime soon based on the BTC position in this market cycle .
Dash is very far from its 2017 peak and based on the fib extension from the top to bottom we get a target of about 6500usd .But before that using the rally prior to BTC capitulation placing the 0.236 fib extension on it ,
we get a target of about 3500usd which may act as a hurdle and that could be the top of this market cycle for dash but break of it would lead dash to 6500usd.
Using the fractal from march 2017 Bull run ,we can see it extends to near full 4.236 fib extension levels.
Seeing the on-chain data of Bitcoin and rest of the crypto market as a whole , things look optimistic.
#NFA
#DYOR
