I haven't been back in a while. It has probably been the most intense time I've had in years developing new products for my employer. At any rate, I wanted to give an update on DASH. As a reminder, I made this post on how I derive my targets, and a bit on how I trade. in case you think I'm nuts. (LOL):
https://steemit.com/cryptocurrency/@wildtrader/how-i-trade-cryptos-using-elliot-wave-theory.
I had some nice trades off the last bottom in DASH in the $44-45 region. However, since then it has morphed into what I believe to be a b wave (middle wave of a correction and should move back into the $42 region ideally. I've taken shots at this b wave couple times and stopped out with small losses. That's generally a sign I'm trying to hard. So, I'm waiting. The $42.16 target on the chart is a rolled up calculation of fibs from its early movements. It never has to hit such targets but when price goes limp as it has, when it should show stronger, I assume we don't have an impulse yet. If you are aware of my previous posts, I have a major target of $160 when we finally rally.
If you've studied Elliot Wave at all, you know that the third should be a strong subdivided wave, and usually has embedded techs and the fastest velocity. It can never be the shortest wave and usually is the longest. Usually it has high volume as chasers get in late. We don't have that here.
I may take a short trade here, but I see no signs yet in the techs or acton that this b wave is ready to roll over.