S Litecoin And Dash Elliott Wave Analysis: Be Aware Of More Downside

Litecoin, LTCUSD remains bearish after we noticed five waves of decline from the highs and now that is even accelerating lower in the 4-hour chart, seems like it's unfolding a higher degree five-wave bearish cycle. So, be aware of more downside pressure and more weakness, ideally towards July lows and below 100 level after a pullback in wave 4 which can also turn into a bearish triangle pattern if the price stays slow and sideways.

Litecoin 4h Elliott Wave Analysis


DSHUSD remains nicely bearish as expected after we noticed a completed bearish triangle in wave B on a daily chart. Well, now that is accelerating even lower, seems like a higher degree wave C is in progress, which should be completed by a five-wave bearish cycle. So, be aware of more weakness in the 4-hour chart, ideally towards June lows and 90-60 support zone before bulls show up again, but after current pullback in wave 4 that can also form a triangle pattern if stays slow and sideways. Invalidation level remains at 165.

Dash 4h Elliott Wave Analysis


Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.

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