ew-forecast

Dash Showing Bullish Setup

Long
BITFINEX:DSHUSD   Dash / Dollar
Dash is trading nicely in A-B-C correction with triangle in B as we mentioned and projected in the last update, so it may decline beneath 300 before turn to the upside. Ideal support is between 275-295 levels and 50%-61,8% Fibo. retracement. Five waves up, broken channel resistance and three-wave correction are reasons for clear pattern, bullish view and also perfect setup.
Comment: Dash is turning nicely up from highlighted support levels. Keep in mind that there is still room for one more wave down into circled blue wave 5 of C, where we also see nice support @275 and 61,8% Fibo. Lvl. Bullish confirmation and bottom of wave (II) will be confirmed only if price goes above @335!
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Comment: Dash is trading near our projected support and can bounce higher!
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Comment: Dash bounced from our projected support!! Be aware of a break above channel resistance and 320 level for bullish confirmation and further rally towards new highs into wave (III)!
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