Dash Forming Bullish Triangle

BITFINEX:DSHUSD   Dashcoin / Dollar
Seems like BITFINEX:DSHUSD finally completed a complex correction into wave C of a big triangle. We can clearly see broken channel resistance, so we expect Dash higher into wave D, where upside can be limited arround 61,8% Fibo. retracement and 320 level.
Kommentar: Dash nicely up as expected!! Be aware around 320 level, if it breaks it, then 370 and maybe even new all-time highs.
Kommentar: As you see on the chart, Dash is at important level now. We see three waves up into wave (d), but there's a chance that Dash is in a third wave rally, so i suggest to wait for 5 waves up or completed wave (e); triangle in wave IV. Anyhow, Dash will remain bullish!
Kommentar: And it happened! Dash exploded to a new all-time high as we said in previous comment update. So, we assume it's in 3rd wave of 5th and there's room for 600 now.
Kommentar: 600 is here! Now be aware of bounce, because of 5th wave. Of course it's a chance for higher levels, but we have to be careful, protecting money is the most important.
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Thank you for your great efforts. Can you explain how can you draw upper red line (I think upper side of big triangle)? I couldn't validate it myself. And how could you find point (d)
ew-forecast feyzullahsari
@feyzullahsari, Thanks! Triangles can be complex sometimes, so it's not all about the lines. More important is to focus on Fibonacci level, because in triangle patterns every wave of should retrace at least 61,8%, and this is how we are looking for targets. Cheers!
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