Dash has broken out of the pennant pattern in the two-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Dash began a five wave advance on December 23, 2016 in the daily chart. The wave one (sub-waves i-v) ended on January 20, and the wave two (sub-waves abc) finished on January 24. I believe Dash is currently in the wave three, which should takeout the October 6, 2016 peak.
(Chart courtesy of Tradingview.com)
Daily chart with the October 6, 2016 peak.
(Chart courtesy of Tradingview.com)
You can find my longer term analysis on Dash from here:
https://steemit.com/dash/@maarnio/crypto-contest-january-4-dash
Disclosure: I am/we are long Dash.
If you think this analysis is correct, upvote this post and upvote the comment "Dash will takeout the October 6, 2016 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Dash will drop below the December 23, 2016 low".
If you think Dash is in a range, upvote this post and upvote the comment "Dash will stay in a trading range between the December 23, 2016 low and the October 6, 2016 peak until February 24".
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Dash will stay in a trading range between the December 23, 2016 low and the October 6, 2016 peak until February 24 (34 voters as of 3 PM EST January 28: helikopterben, xeroc, anonymous, rossco99, twinner, spinbunny, boatymcboatface, blakemiles84, hello, fufubar1, pairmike, world, l0k1, wingz, theshell, skapaneas, gomeravibz, jphenderson, breezin, tracemayer, bitcoiner, albertogm, bkkshadow, phenom, michaelx, raymondspeaks, bitjunkie, nulliusinverba, ianboil, cmorton, steemradio, tamersameeh, cryptojoy.com, bigsambucca).
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Great analysis post!
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Thank you bitjunkie.
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Hmm... yeah I think it might take a while :P
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Dash will takeout the October 6, 2016 peak (11 voters as of 3 PM EST January 28: otisbrown, bleujay, gregory-f, yefet, dennygalindo, anotherjoe, bidnat, gduran, soundmoney, jahtech, mirda).
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Takeout
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So buy more Dash?
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You won.
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Dash will drop below the December 23, 2016 low (2 voters as of 3 PM EST January 28: me-tarzan, kennyskitchen).
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See the full rankings and details in The Daily Tribune: Jan 27 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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Interesting analysis. Relinked in "Trade_ideas" on Steemit.chat.
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Thank you ego.
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