Crypto Contest February 12: Dash

Dash (Poloniex: DASHBTC) has broken out of the triangle pattern in the weekly chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Dash began a wave one advance in November 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in September 2017, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Dash should be heading next towards the September 2017 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Zooming out in the monthly chart, I believe Dash is currently in the red wave three (blue sub-wave

About the author: Markus Aarnio
I have 20 years of investing experience. I have traded stocks, commodities, cryptocurrencies, and forex markets.

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