DASH.usd booked massive PROFITS, now looking for one last leg UP
Followup to my previous plot which Caught the Massive Spike (click).
Breakout and spike was impressive, but does it have another leg to go?
General EW rule is that wave 3's are fast and furious with no pullbacks.
Such spikes are often followed by a smaller leg, wave 5 or "fomo" wave.
WARNING:
- Wave 4 corrections (current) can take a long time
- Wave 5 targets are not very predictable, higher highs not assured.
- If not already long, it is a RISKY entry now, could return to ground zero.
IF we get a wave 5, targets are into the "Impulse Core" of last push down.
It is POSSIBLE that wave 3 is not done yet, but such a long pause says yes.
It is LIKELY that wave 4 will go one leg LOWER before wave 5 can start.
$ 112.13-114.42 is make-or-break for wave 5 launch.
$ 103.98-105.34 must hold if wave 5 is under way.
$ 86.37 - 89.05 very possible for wave 4 endpoint.
Here is my previous plot below,
It did NOT catch the "bottom", but mapped a SAFE entry and conservative targets:
Breakout and spike was impressive, but does it have another leg to go?
General EW rule is that wave 3's are fast and furious with no pullbacks.
Such spikes are often followed by a smaller leg, wave 5 or "fomo" wave.
WARNING:
- Wave 4 corrections (current) can take a long time
- Wave 5 targets are not very predictable, higher highs not assured.
- If not already long, it is a RISKY entry now, could return to ground zero.
IF we get a wave 5, targets are into the "Impulse Core" of last push down.
It is POSSIBLE that wave 3 is not done yet, but such a long pause says yes.
It is LIKELY that wave 4 will go one leg LOWER before wave 5 can start.
$ 112.13-114.42 is make-or-break for wave 5 launch.
$ 103.98-105.34 must hold if wave 5 is under way.
$ 86.37 - 89.05 very possible for wave 4 endpoint.
Here is my previous plot below,
It did NOT catch the "bottom", but mapped a SAFE entry and conservative targets:
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
On small timeframe fib of last leg up :
The last push thus far has a chance to get us closer to the goal line.
Key is the green 2.618, best if NOT tested again.
But if 2.618 is tested again, that is the LOWEST acceptable before risk of uptrend ending.
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