Good news: Dash has broken resistance and is likely to see new highs!
Bad news: Once the target is reached, we are likely to see another big retrace.
I would just like to keep track of progress for this coin because I know a lot of people have it as a long-term position. So how much room do we have to go before a big retrace?
Well, wave 3 surpassed everyone's expectations, it was far longer than wave 1, so it has me fairly nervous for how this wave 5 may play out. We may only get to a double top and reverse from there if the wave 5 becomes truncated. But for now, I'm just assuming a 1 to 1 extension on wave 5, that could easily be surpassed.
If each target is reached, the next target is likely to be reached.
Target 1: $1501
Target 2: $1976
Target 3: $2415
Bad news: Once the target is reached, we are likely to see another big retrace.
I would just like to keep track of progress for this coin because I know a lot of people have it as a long-term position. So how much room do we have to go before a big retrace?
Well, wave 3 surpassed everyone's expectations, it was far longer than wave 1, so it has me fairly nervous for how this wave 5 may play out. We may only get to a double top and reverse from there if the wave 5 becomes truncated. But for now, I'm just assuming a 1 to 1 extension on wave 5, that could easily be surpassed.
If each target is reached, the next target is likely to be reached.
Target 1: $1501
Target 2: $1976
Target 3: $2415
Thx. I'm Thinking and Hoping you are right! If Dash finds support here- near 1090 range, and moves positive , we will confirm support for this new trend line! A likely scenario in my view. Could be a nice ground Hog day!
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Correction from Dash looks very odd. It may take its time for consolidation. Maybe 2 weeks? It was hard to find supports on this one. Nothing here has changed my targets, they will come. It will just be a while.