Dash (DASHUSD) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Dash began a wave one advance in January 2015. The red wave one finished in March 2015, and the red wave two correction ended in November 2015. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished in December 2017, and the red wave four (blue sub-waves a-b-c) correction ended in August this year. If this wave count is correct, Dash should be heading next towards the December 2017 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the monthly chart, I believe Dash is currently in the red wave three (blue sub-wave v). The red wave three began in January 2015.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Dash markets itself as the digital cash of the cryptocurrency ecosystem. You can view the latest Dash AMA from yesterday below.
(Sources: https://www.dash.org/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Dash will takeout the September peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Dash will drop below the August low".
If you think Dash is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Dash will stay in a trading range between the August low and the September peak until December 1".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST October 30 and you can upvote only one comment. 50% of liquid STEEM + SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
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