Crypto Contest April 13: Dash
Dash has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Dash began a wave one advance in December 2015. The wave one finished in August 2016, and the wave two correction ended in December 2016. The wave three advance finished on March 18 this year, and the wave four correction ended on April 3. If this wave count is correct, Dash should be heading next towards the March 18 peak in the wave five.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Dash will takeout the March 18 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Dash will drop below the April 3 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 April 3 low and the March 18 peak until May 8".
You can upvote the comment until 3 PM EST April 14 and you can upvote only one comment. 200% of Steem from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first). Only participants with a Reputation of 35 or more will qualify in the contest.
Dash will stay in a trading range between the April 3 low and the March 18 peak until May 8 (11 voters as of 3 PM EST April 14: bleujay, anotherjoe, twinner, gregory-f, simonjay, spinbunny, yefet, nepd, avarice, coolthings, ragnaros).
April 3 low and the March 18 peak until May 8
You won.
Dash will takeout the March 18 peak (24 voters as of 3 PM EST April 14: otisbrown, nextgen622, daveks, majes, gomeravibz, idnit, orenshani7, jdbry, digit, reisman, idnit9, idnit0, idnit1, mrfoot, angels, starline, evildeathcore, victorious, addanat, aurai, dirty.hera, kuvo, legends, tamersameeh).
Dash will drop below the April 3 low (4 voters as of 3 PM EST April 14: me-tarzan, cassidyandfranks, ender, mirda).
It seems like five waves down from the peak and the time doesn't look right with a 2 week decline retracing a three month rise. Seems like one more low before wave 5 starts and leads up to to evolution hype. However I hope I am wrong I love dash.
This is my working count from the March 18 peak.
Perfect post.
@maarnio
Thank you Tina.
Welcome ^_^
@maarnio
Dash will drop below the April 3 low
This post has been ranked within the top 80 most undervalued posts in the second half of Apr 13. We estimate that this post is undervalued by $0.53 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Apr 13 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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