DASHUSD trading ideas: Elliott Waves and Support levels. Kickoff.

All right, folks!

Another asset on my radar is Dash.

We have just broken the upper trend line and it can mean the endning of the corrective phase.

Double ZigZag is a good match for that pattern and the wave 1 should take place now

That is difficult to predict the hight of the first major level wave of the correction - no reference points for now. The closest resistance level is near $750.

Zoom in 15min chart. I see the impulse after the breaking trend line.

Task #1 is to understand, where we are now in the overall wave structure. Let's see if the wave iv will cross the level of $625.

DASHBTC chart:

We are near the strong level of 0.07BTC and also leaving the parallel channel (similar to BTCDASH trend line crossing)

I feel bearish here, but not pricing targets for now.

Stay tuned!