Dash forms a bullish setup [Video]

Gregor Horvat Wavetraders

Dash is a cryptocurrency launched in 2014, designed for fast, low-cost, and private payments. It uses a two-tier system with miners and masternodes, offering features like InstantSend for quick transactions and PrivateSend for optional privacy.

Dash is bouncing sharply and impulsively in the 4-hour chart after we noticed an (A)(B)(C) correction in wave B/2, so seems like the correction is now finished. We should be now aware of more upside within wave C or 3 as illustrated, especially if it later breaks above channel resistance line near 25 area, just watch out for short-term pullbacks.

DSH/USD four-hour chart

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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