... Rally on the Weekly. The PS and SC are much more accurate on the Weekly than the Daily when using Wyckoff's rules for Long Term Analysis. I'm going to say SHORT for now. Will confirm this after I look at Heikin-Ashi candles. They will be posted in comments shortly.
Will provide a Heikin-Ashi chart shortly for DASH. I'm getting to sleepy to finish ETHUSD....
Dash seems following BTC correction; after the complete ABC black pattern i'm looking for the red ABC move, pointing to the lower channel. In that point we should look at the price action for a possible bounce or a breakout of the lower channel.
All the criptocurrencies seem following BTC's uptrend. Dash too after a long correction is creating a new leg up. Now it is in a resistance area. Possible pullback expecting a new leg up. Buying pressure increasing on MACD and bullish divergence.
Pattern highlighted with traditional target from breakout.
Target is the distance of the reaction high (regional all time high) to reaction low within the diamond pattern, subtracted from the breakout of the pattern.
