The resistance was quickly broken and wave 3 went all the way up to $70.
The swift correction found resistance in the gray zone, which I'm considering to be black wave 4.
In my primary scenario, we're back in the uptrend for black wave 5.
📈LONG: $DASH (8H)
#DASHUSDT | #DASH | #Dash
Current Price $46.55
Market Cap $561.51M
Change 1h +1.10% | 24h -4.87%
Current Indicators:
• RSI: 41 - Neutral 🟠
• MACD: -1 - Bearish 🔴
• EMA: 49 - Trading Below 🔴
Analysis:
DASH has broken resistance and surged to $70 in wave 3, encountering gray zone resistance. As black wave 4 completes, the primary scenario is a resumption of the uptrend in wave 5. Keep an eye on RSI as it indicates potential further upward momentum.
Price Targets:
If the uptrend resumes in wave 5, look for DASH to target $80-$85. Watch for support around $40 if it retraces. The movement past the gray zone will be crucial for the next bullish phase.
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