DASH update 22.11.17

in dash •  20 days ago

I just found this broadening wedge pattern in the daily chart of DASH. This was an enormously large correction, very time consuming and very indecisive.

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Because of this large correction, a new big impulse is likely to show up soon. If this really is waves 1 and 2, DASH could double within 6 months...

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If you think this to be useful information:
DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif
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Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
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DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions.
If you make any trades or investments after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

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Have a nice day :-)

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I was going to buy Dash but I ended up staying away from the trade. Why? Because noticed something fishy. Twice in the last two weeks there were pumps all at once within 30mins to 1 hour period. That raised the price by 200 almost in each pump and then it dropped 150. Now to me I see that as very fishy, it must be internal or miners pumping the price to raise profits. I think the pumps did work. Because within 2 weeks of the original pump the price now is almost at the peak of the original.

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At the end of the day, Dash is the Bitcoin killer and it has the most matured crypto community period. Here is proof: https://steemit.com/cryptocurrency/@vimukthi/lessons-from-dash-community-vs-pivx-how-to-act-like-the-adult-in-the-room-and-stop-the-pointless-hostility-to-embrace-the

They not only have amazing tech, they have self funded treasury which should now be at over 3.5 milion USD per month. When Dash goes up, treasury goes up. Personally I think this was previous positive sentiments blowing up combined with PBC recommendation. Here is another reason:
https://www.dashforcenews.com/dash-mining-reaches-petahash-range/

Nice find. Personally, I think DASH is going to grow until reaching again the peak of March.