From Apes to Gorrilas, to NFTards, the 2022 is an exciting year, and it is not even over, we are just getting started.
OH and an honorable mention to all the Metaverse addicts.
__Quick Update __
I have been extensively busy with @VIE_Verse and @NexusWars_, you find them on twitter. So i don;t update TA as often as i would like.
Using the Fibonacci Retracement we should see Dash push to $6k per coin during the next bull run. However, there is an even more bullish scenario for Dash if the 5 wave Elliot Structure holds true in a super cycle. In which case, we could see Dash trading for $34k per coin
The following content is machine translated:
In the 4-hour chart, the short-term trend is currently showing a correction, and the lower support is near the rising trend line.
The indicator macd is about to die, and the RSI indicator is trending downward and will reach the neutral 50.
Summary: The pattern trend is bearish and the indicator trend is bearish. Now...
DASHUSD (Daily Timeframe)
Waiting for the upward break of 53.30 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 39.30 would cancel the bullish scenario.
Stop loss: 39.30
Take profit 1: 61.75
Take profit 2: 75.40
Strategy: Bullish reversal
A long term view for DASH
The previous break out was due to a relatively large ascending triangle
The top resistance of this pattern can be used for a following pattern of a symmetrical triangle, which is much larger and yet to break out
Similar top points above the hammer
Both patterns are bullish
Dash is an altcoin that was forked from the Bitcoin protocol in 2014. Originally named XCoin, it was renamed to Darkcoin then Dash and has the ticker symbol DASH – this shouldn’t be confused with the separate cryptocurrency Dashcoin (DSH).