SUMMARY
DASH has been consistently repelled by a downward resistance line as shown in below chart. This line needs to be breached in order for the price to start a new trend. The line has been hit now five times and since a resistance weakens with each attempt, it's still unclear as to when the decisive breach will occur. Elliott Waves show that subwave placements have sufficed for a WXY (blue) pattern and given how price has been adhereing closely to the resistance line, the top alternate could still be a on emore lower low.
However, if price since the last major peak is encased within the contracting triangle lines, then curren proximity to the Apex is quite close. If the WXY is updated to the WXYXZ triplet, then the pattern is able to absorb for the potential lower low.
A note of caution arises when viewing the daily chart. Note the degree of extension for the 5th wave. I've written plenty about the propensity and danger of 5th wave extensions. The retrace is often towards the zone between the prior waves 2 and 4. That's a range between $76 and $248; hence, well below the 0.78 Fibonacci zone. Often the 0.88 or 0.93 zones are hit with 5th waves that are super extended. Do you think this 5th wave looks super extended?
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
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Do you @haejin work alone, or in a group? I am wondering coz this huge work for analysis is difficult for one person to do it alone .. just curious -:)
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I think it's a group. That analysis is too much for one person while also writing here on steemit about 10 posts a day.
Let’s wait and see if anyone gives the confirmed answer 😀
OK! That was just my opinion depending on how @haejin posts daily and the complex analysis that needs special attention too.
Thanks for your opinion 🙏🏼
Glad to get to know you I will check your blog 😍
He/They won't answer they. He/They are a group of SCAMMERS!!!
I don’t really know ... and don’t really wanna bebin the middle of fighting. I wanna be nice to all parties 😊🙏🏼😍
Any answer? @haejin 😍
He can make all this in an hour or two...
I want to learn myself how to make it . We are all here for the money
Lol this is copy paste xero analisis. Every coin is similar, 1,2,3,4,5, A,B,C. Grow up.
Every post he makes is COPY & PASTE. He has not had a post yet that did not have COPY & PASTE not in it!!! Maybe his 1st post. 75% of his post is COPY & PASTE!!! And you guys keep upvoting this clown & giving him YOUR MONEY.
what do you mean this huge work for analysis? It literally takes 10 minutes maximum to do the analysis he does on each post, which doesn't mean it is bad analysis btw, just don't agree that it is a lot of work. Once you get really good at TA it's pretty much second nature.
Real question now is when to buy
Very nice post dear haejin I like this
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You made a post on a great top ..... i enjoyed your post ... and I think the experience of creating your post is very good .... thanks
I am done follow and upvote you @haejin
Thank you! just the one i was looking for.
You mean looking for TokenPay?
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Varie nice the post
What wallet do you keep your bitcoins in?
is it perfect time to buy it?
Why are you asking @Haejin? He just wants your UPVOTES. He don't care if you make any money on Crypto.
when to buy
Why are you asking @Haejin? He just wants your UPVOTES. He don't care if you make any money on Crypto.
Thanks for the analysis. Keep more coming.
Do you even know what a blockchain is?
I will be writing about it soon,thus tomorrow. Just follow me and you will see.
You account is just a SHIT ACCOUNT. No one is gonna care what you write. When you withdraw all your SP like you did we know you have another main account. This is just a toss away account used to make a few easy upvotes with. A FAKE HAEJIN SUPPORTER
Great informative news...really i like you so much your update information.
I bet you didn't even read it & don't even have any Crypto Currency.
Now the most important question. When will be the best time to invest in this currency
Why are you asking @Haejin? He just wants your UPVOTES. He don't care if you make any money on Crypto.
Congratulations @haejin, this post is the sixth most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 42 and the total pending payments to posts in these categories was $2424.11. To see the full list of highest paid posts across all accounts categories, click here.
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Im a buyer of DASH below $70....
If anyone has doubts about how Bitcoin works and altcoins for the vision of the economic cycles in economy is just to give a look:
https://steemit.com/bitcoin/@jean77jta55/explaining-bitcoin-and-altcoins-through-economic-cycles-in-economics
Coins mentioned in post: