DASH After 7 Years of Stagnation: Powerful C Wave Breakout BeginHi guys! 🌟
Today, we have an exciting analysis of DASH. After a long and exhausting 7-year correction, it seems that DASH is beginning a powerful upward movement in the form of Wave C.
🔑 Wave A started in 2014 at $0.20 and reached its all-time high of $1625 in December 2017. Then, Wave B began a correction, with the price dropping to $19, which occurred in August 2024. This 7-year correction is a 50% retracement from the all-time high, making it a golden opportunity for a discounted entry at this level. This correction indicates a return to half of the all-time high, providing a perfect entry point.
📊 At the end of Wave B, a descending wedge pattern formed, signaling the end of the correction and the beginning of a new upward trend. After breaking the $40 level and pulling back to this level, a confirmation for market entry was made.
🚀 Wave C is now starting from the $19 low in August 2024 and has the potential to push DASH to new heights. Two major resistances are in front of us:
Resistance at $75: A break above this level could start a risky entry into the market.
Descending trendline resistance: This line is formed from the all-time highs of $1625 in December 2017 and $477 in May 2021. A break of this trendline provides a stronger confirmation for entry and more upward movement.
🔮 Targets:
🎯 $400 (430% profit)
🎯 $1700 (2100% profit)
DASH is on the verge of a massive breakout! 🚀
