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Dash has bottomed and it's turning bullish as expected [Video]

Dash has bottomed and it's turning bullish as expected [Video]
Gregor HorvatGregor HorvatWavetraders

Crypto market is in a massive rally, which is not a surprise, as we were expecting big moves, because Dash a.k.a. Digital Cash with ticker DSHUSD was forming an ending diagonal (wedge) pattern for the last year. On August 05 we actually spotted final stages of wave 5 of the wedge pattern within wave (C) on a daily chart, where we mentioned and highlighted that a strong bullish reversal may show up.

dshusdaug05

DSH/USD daily chart from August 05 2024 

As you can see today after 4 months, DSHUSD bounced perfectly as expected and it's now sharply and impulsively recovering on a daily chart, out of a projected wedge pattern and back above important 44 level. So, with current ALTcoin dominance and ALTseason, bottom is most likely in place and we should be aware of more gains within a projected wave 3 of a five-wave bullish cycle, ideally back above 77 bullish confirmation level, just be aware of wave 4 correction before the uptrend for wave 5 resumes.

dshusddec02

DSH/USD daily chart from December 03 2024

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Author

Gregor Horvat

Gregor Horvat

Wavetraders

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

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