DASH has had a very rush recover from its low at 133$.
Taking this point as deepest low in the near past (C) we have entered a new rally.
What might be the next movements, according to EW with fib retracement and some swing trend lines? And could it fit with the expected movement in BTC?
I´ve drawn the answer into the chart.
In my BTC-analysis I expect a correction in the near future and with DASH correlated to BTC at 0.72 (on Bitfinex-database) it will follow this move with high probability.
After this correction I expect that the altcoins and BTC will take the course to higher prices. And I hope this next move will be accompanied with more volume, showing that confidence is coming back and the market is wider than atually.
RSI and MACD also show more strength and give bullish signs.
This is no trading advice!
Taking this point as deepest low in the near past (C) we have entered a new rally.
What might be the next movements, according to EW with fib retracement and some swing trend lines? And could it fit with the expected movement in BTC?
I´ve drawn the answer into the chart.
In my BTC-analysis I expect a correction in the near future and with DASH correlated to BTC at 0.72 (on Bitfinex-database) it will follow this move with high probability.
After this correction I expect that the altcoins and BTC will take the course to higher prices. And I hope this next move will be accompanied with more volume, showing that confidence is coming back and the market is wider than atually.
RSI and MACD also show more strength and give bullish signs.
This is no trading advice!