Dash is open source peer-to-peer cryptocurrency distributed worldwide, furthermore, DASHUSD represents its price in US Dollar.
Down from 12/20/2017 peak $1596.73 the pullback in Dash is proposed complete in wave “(b)” as a zigzag correction at 12/15/2018 low ( $56.58). Up from there, expect DASH to extend higher in the next Daily cycle higher.
The current view is suggesting that it ended the cycle from 12/15/2018 low ( $56.58) at 06/26/2019 peak ($197.44 ). Below from there, it is in the proposed wave ((2)) pullback.
Up from 12/15/2018 low wave (1) of ((1)) ended at $103.62 peak and below from there, it ended wave (2) pullback at $64.15 low. Above from there it extend higher in wave (3) of ((1)) in a 5 waves Elliott Wave structure which ended wave (3) at $180 peak and from there wave (4) was completed at $137.20 low followed by wave (5) of ((1)) which ended at $197.44 peak.
Below from there is has been correcting the cycle from 12/15/2018 low in wave ((2)) pullback as double three structure where wave (W) ended at $94.75 low. Wave (X) bounce ended at $132.71 high and wave (Y) looking to extend lower towards $69.34-$56.58 area to retest the 12/15/2018 low before upside resume. Near-term, while bounces fail below $132.71 high expect Dash to extend lower.
DASHUSD 8H Chart 8.27.2019