Elliott Wave Analysis: Bitcoin Cash And Dash Approaching Bottom
The Crypto market is still slow and there's not much change. We are actually still in the neutral zone, while the Crypto total market cap chart is pointing higher and other ALTcoins are eyeing lower. So, at this stage, it's important to be patient and wait for confirmation.
BCH/USD is one the weakest and looks like bears are still in control after the recent three-wave corrective recovery only in the 4-hour chart. We actually still see it in sub wave "iv" correction that can retest the lows for the final wave "v" of 5 before we will see a bullish reversal. Keep in mind that bulls may step in only above 400 region.
Bitcoin Cash 4h Elliott Wave Analysis
DSHUSD is turning sharply down in the 4-hour chart after only three waves A-B-C of recovery, bears are still in control within that ending diagonal pattern, ideally for the final wave (C) of 5, and then we can expect a bullish reversal.
Dash 4h Elliott Wave Analysis
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