Keeping watch on DASH/BTC Poloniex

20 בספט׳ 2017

DASH/BTC has been channeling sideways since April, but we might be seeing the first wave bouncing off the long term lower trend line boundary. Fib ratios off the first two waves project wave 3 ending around .155BTC, which is right in line with a 1.272 Extension of the previous cycle, as well as the previous cycle distance from the recent low. I want to see it break above the recent high to be sure it's actually rising and not just teasing with more sideways moves. For confirmation, DASH/USDT looks like it might be starting an impulse wave pattern as well: