Dash is currently finishing an ABCDE correction forming jaws of wealth pattern and is likely heading down afterward as wave E is going to be completed on the descending wedge prior support, which now serves as resistance, which is were 0,618 Fibonacci retracement level is and also the resistance from jaws of wealth. As three of the major cryptos have experienced the same thing, I am expecting the price to do an ABC after and fall to the 0,236 Fibonacci level at 342$. But that would only mean that corrective wave 2 from cycle count is completed and that impulse wave 3 which is the longest is going to start.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.