Looking at the 4-hour chart of Dash with ticker DSHUSD, we can see sharp and impulsive bounce from August lows after that final leg (C) of Y of 5, so strong support can be actually in place, if we consider it’s breaking above channel resistance line by a five-wave impulse. That said, watch out on more upside after current a-b-c correction that can finished at projected 22-20 support area, but only impulsive five-wave recovery back above channel resistance line and 26.70 region would be confirmation for bulls. Invalidation level is at 19.
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On the date of publication, Gregor Horvat did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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