DrJLT

DASH will remain bullish but likely retraces to 500 before 800

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As the title says, DASHUSD is very bullish. Its movement has also been quick. In the last wave, it retraced quickly to 0.382 levels before jumping another 1x.

In the coming round, we could expect a retracement to $500 levels before quickly rebounding to $800. Then, we may see a period of consolidation that extends to 2018 before the next jump.

To enter a long position, it may be of interest to look closely at the price and put orders at levels close to $500.

Having said that, if BTCUSD price drops, an earlier jump is also possible. However, because DASH moves quickly these days, it's likely to complete this round of retracement before significant movement from bitcoin.

Btw, the indicators are all very bullish.

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