Cryptocurrencies

Crypto Contest February 12: Dash

Dash (Poloniex: DASHBTC) has broken out of the triangle pattern in the weekly chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Dash began a wave one advance in November 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in September 2017, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Dash should be heading next towards the September 2017 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Zooming out in the monthly chart, I believe Dash is currently in the red wave three (blue sub-wave iii). The red wave three began in November 2015.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Dash is digital cash. Dash has just released Evolution’s Foundation this month as Amanda explains below.

(Sources: Dash and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) “Dash will takeout the September 2018 peak”.

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) “Dash will drop below the December 2018 low”.

If you think Dash is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “Dash will stay in a trading range between the December 2018 low and the September 2018 peak until March 19”.

(Chart courtesy of Tradingview.com (log scale))

You can upvote the comment until 3 PM EST February 15 and you can upvote only one comment. 50% of liquid STEEM + SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).

Bonus 1

I will be sending one Trophy Token (@trophy-token) or one Steem Monsters (@steemmonsters) card to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.

Bonus 2

Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.

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