Dash can be bottoming
|Cryptocurrency Dash with ticker DSHUSD is recovering from June lows out of the downtrend channel, which suggests that the impulsive decline from the 2024 highs is bottoming, as shown on the daily chart. Currently we can see it forming a bullish setup formation with waves A/1 and B/2 that can send the price higher within wave C or wave 3 of a five-wave bullish impulse. Wave C has room up to 26-30 area, but if if breaks above 31 bullish confirmation level, then we can start tracking wave 3 of a five-wave bullish impulse.
Dash is a cryptocurrency launched in 2014 that focuses on fast, low-cost payments and privacy. It uses a two-tier network with miners and “masternodes” to enable features like InstantSend (near-instant transactions) and PrivateSend (optional privacy). It started as a fork of Bitcoin.
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