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DSHUSD turned up in the last two months with an impulsive fashion away from the 30.00 area, which means that the bottom can be already in place. Looking at the daily chart, we can actually see a strong and extended move higher, which is an indication for a higher degree wave (3). However, wave (3) can be in the final stages of a lower degree five-wave structure, where we are tracking final wave 5, but there is still space up to 80 - 90 area before we will see a higher degree wave (4) corrective pullback. In case if wave 5 of (3) is completed, then watch the 66-55 support zone for a higher degree wave (4) correction, from where we can expect a bullish continuation for wave (5).

If you are interested in a detailed view of cryptocurrencies and markets in general, you can watch the recording of Monday's live webinar below: 

Video Length: 00:43:28
 

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