22.1.2020 - Dash (DASH / USD)
Hi Traders!
Since you asked a lot about this coin, today we chose Dash for analysis. Since the beginning of the year, e.g. in less than a month, growth has reached over 270%. Although we have already seen the correction, it's still over 180% up in comparison with the beginning of the year. How will the correction continue?
First of all, we must say that such coins are always very difficult to analyze. DASH was in a very long downtrend. After that, the impulse came and within a few days, the coin broke through all resistance and fibonacci levels. When we see the growth that breaks through all reasonable levels without problems, the subsequent annotation is very difficult.
Dash has already completed its growth and has gone into a correction that has been a classic ABC correction so far. First of all, it is extremely important that DASH didn't do so-called pump and dump, which means it didn't fall as fast as it grew. We are currently in wave B, which could end up at logical levels between $ 117 and 123. This will be followed by a final drop to point C. We will be able to determine point C more precisely once point B has been completed.
Dash generally looks very good, but as it's a coin that has experienced extreme growth, be sure to pay more attention to its possible decline, as in crypto it's usually the case that one extreme is followed by another.
May the crypto be with you!
Since you asked a lot about this coin, today we chose Dash for analysis. Since the beginning of the year, e.g. in less than a month, growth has reached over 270%. Although we have already seen the correction, it's still over 180% up in comparison with the beginning of the year. How will the correction continue?
First of all, we must say that such coins are always very difficult to analyze. DASH was in a very long downtrend. After that, the impulse came and within a few days, the coin broke through all resistance and fibonacci levels. When we see the growth that breaks through all reasonable levels without problems, the subsequent annotation is very difficult.
Dash has already completed its growth and has gone into a correction that has been a classic ABC correction so far. First of all, it is extremely important that DASH didn't do so-called pump and dump, which means it didn't fall as fast as it grew. We are currently in wave B, which could end up at logical levels between $ 117 and 123. This will be followed by a final drop to point C. We will be able to determine point C more precisely once point B has been completed.
Dash generally looks very good, but as it's a coin that has experienced extreme growth, be sure to pay more attention to its possible decline, as in crypto it's usually the case that one extreme is followed by another.
May the crypto be with you!
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