Invest on DASH now, you might get 79% PROFIT soon!!!The below chart shows my analysis of DASH which was posted on April 7th. It postulated that the downward wedge could dip a bit more prior to breaking out. Price at that point was $303. Price went as high as $544 which represents a 79% Profit!!
For DASH, the prospects are quite attractive from a Technical Analysis perspective. It's almost like a lyered cake so, please let me take you through the layers. The below shows an apparent Cup & Handle pattern. The rounded price formation countours can't be missed and give that the handle portion always coincides with a corrective Elliott Wave sequence, the red abc makes sense. This itself is often a wedge or a bull flag; but what's clear is that once the handle portion is complete; a breakout to higher highs is expected. So, this is the first layer.
The second layer is shown by the purple lines. It is a Cup & Handle at a higher degree of trend which encompasses the smaller pattern. The whole thing leads to a consolidation with higher prices but still allows price to churn betweenthe buyers and sellers.
Now, the next layer is the potential Inverted Head & Shoulders (white lines). IF this is correct, then the minimum price run could equate to $1,309 or so. But, given this is the minimum, it'll most likely be overrun. The LS, H, RS are shown in white and the volume thus far confirms. So, it's a three layered cake!
Note: just my opinion
