Crypto Contest November 11: Dash
Dash (DASHUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com)
Elliott Wave Analysis
In Elliott Wave terms, Dash began a wave one advance on October 29, 2016. The red wave one finished on March 18 this year, and the red wave two correction ended on April 3. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on August 26, and the red wave four correction ended on September 15. If this wave count is correct, Dash should be heading next towards the August 26 peak in the red wave five.
(Chart courtesy of Tradingview.com)
Looking at the monthly chart, I believe Dash is currently in the red wave three (blue sub-wave iii, green microwave iii).
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Dash is digital cash. Here is a short introduction video.
(Source: https://www.dash.org/)
If you think this analysis is correct, upvote this post and upvote the comment "Dash will takeout the August 26 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Dash will drop below the September 15 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 September 15 low and the August 26 peak until December 12".
You can upvote the comment until 10 AM EST November 12 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Dash will stay in a trading range between the September 15 low and the August 26 peak until December 12.
Dash will takeout the August 26 peak (30 voters as of 10 AM EST November 12: bleujay, freiheit50, flemingfarm, lydon.sipe, bentleycapital, fitinfun, allyouneedtoknow, eirik, lucasgabd, abh12345, catena, reconnectnature, dirty.hera, glennolua, mprgrmmr, crokkon, toofasteddie, komischername, anetchen, mihail.tsvetkov, digitalking, me-do, gunsmithing, carlosdaniel, kanoe, amfid4846, sweethoney, heidelbaer, catchup, m3rcos1ty).
You won.
Dash will drop below the September 15 low.
What about litecoin and dogecoin @maarnio
I have covered Litecoin and Dogecoin in the past.
I might do that in the future as well..
It will be down to max by 16 November and it will rise like never before.
Mark my WORDS
it will be down on 16 november because the bitcoin prices will be down and it will affect the market.
Then afterwards Skyrocketing trends will be seen.
We already took the August 26 peak.
This post has been ranked within the top 50 most undervalued posts in the second half of Nov 11. We estimate that this post is undervalued by $13.44 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Nov 11 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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