Because of the significant Low on the Volume on the Head and the upcoming retracement Bitcoin will make in my opinion because of the holydays and the CME Futures lunch it is possible.
The following days will show :D
As described in last analysis, DASH reached the Fib 1.786 target and is now consolidating. A bullish triangle pattern is forming on the 4H chart.
If this pattern breaks in a bullish way, this could be the fifth Elliot wave, and the last wave before the correction downwards.
- Safe buy target: 676 (after bullish break)
- Risky buy target 649 ->
- Sell target 765
-...
Based on the two previous all time highs (September; June), DASH is expected to go all the way and a bit above the Fib 2.00 level. This is also shown buy red line.
After DASH had a short retracement until the Fib 0.5 level, it now surpassed the 0.618 and seems to go strongly.The brokage of a possible dubble top is a good point to buy in and to ride the third...
As DASH touched the 100(D) MA, which in turn was also the FIB 0.618 level, it might break which seems a long bullish flag pattern.The two most recent (longterm) upward movements were stimulated by the 100(D) MA as is displayed by the arrows on the chart.
If DASH can break the FIB 0.5 level (251), this would mean a break of the bullish flag pattern with a...
These triangles remind me a bit on Russian Babushka - you know, little wooden doll inside a little bit larger, inside a little bit larger etc. :)
Let's just monitor this market, breakout through current triangle limits and support or resistance could lead us to levels, marked on chart for both scenarios.
