DASH: A Downward Wedge by haejin

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dash · @haejin ·
$102.87
DASH: A Downward Wedge
<center>![](https://steemitimages.com/DQmWPk9pGawtxkJQ11KtjmsDaJ4Nnz84ggyRCdVJsq6f8TZ/image.png)</center>
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**SUMMARY**

DASH has been correcting since January and thus far, marked out an elaborate WXYXZ (blue) corrective sequence as shown in the below chart. Each wave of this sequence consists of three subwaves which are labeled as an abc (red). If the blue Z represents the correction bottom, then the likelihood of a renewed uptrend would be pretty high.
![](https://steemitimages.com/DQmYoZeX6F6MLsjQXL7hWRx6uQjyUQ4VYedqearL9h1rFnc/image.png)


Since blue Z wave, price rose in a five step impulse (white). The requisite correction can be patterned as a downward wedge. IF this pattern is correct, price should breakout and start putting in higher highs. Remember that impulse waves 3,4 and 5 usually become vertical and so, once the second wave of impulse initiates, look for that vertical move.
![](https://steemitimages.com/DQmTtnkJDshXQTX18xMvH3i4t1nrbSQZpuw4JiWzUbi6u4G/image.png)



**Legal Disclaimer**: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes. </center>


Please consider reviewing these Tutorials on:
[Elliott Wave Counting Tutorial #1](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-1-by-haejin)
[Elliott Wave Counting Tutorial #2](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves)
[Elliott Wave Counting Tutorial #3](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections)
[Laddering](https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder) and [Buy/Sell Setups](https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial). 
[Laddering Example with EOS](https://steemit.com/bitcoin/@haejin/eos-target-usd3-22-analysis-update-live-real-time-laddering-example-you-don-t-want-to-miss-this)
[Tutorial on the use of Fibonacci & Elliott Waves](https://steemit.com/bitcoin/@haejin/tutorial-on-the-use-of-fibonacci-ratio-and-elliott-waves)
[@haejin's Trading Nuggets](https://steemit.com/bitcoin/@haejin/haejin-s-trading-nuggets-all-learned-through-tonnages-of-failure-experiences)
[Essay: Is Technical Analysis a Quantum Event?](https://steemit.com/bitcoin/@haejin/essay-is-technical-analysis-a-quantum-event)

Follow me on [Twitter](https://twitter.com/Haejin_Crypto) for Real Time Alerts!!
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<center>https://steemitimages.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV.gif



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vote details (390)
@udinseduniaa · 
Good post
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@joyart · 
Legit analysis; I'm looking out for more... Thanks for sharing
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@cjchun · 
@haejin, on your next article, could you address Elliott Wave analysis and how to take into account major news that impacts the price of crypto, and in turn, impacts the chart graphs?   Thanks!
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@danpaulson · 
Have a look at this article.

https://steemit.com/bitcoin/@haejin/essay-is-technical-analysis-a-quantum-event
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@cryptofocussed · 
.
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@izge · 
> DASH has been correcting since January and thus far, marked out an elaborate WXYXZ (blue) corrective sequence as shown in the below chart. Each wave of this sequence consists of three subwaves which are labeled as an abc (red). If the blue Z represents the correction bottom, then the likelihood of a renewed uptrend would be pretty high.

Makes a lot of sense, thank for the enlightenment.
👎  
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@sstf11 · 
I cant see any reason for buying dash ..
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vote details (3)
@amahovac93 · 
Dash is considered fast, but at this point there are alot of faster and much much cheaper coins to buy than Dash to buy.
It doesnt make sense buying Dash at this price level.
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@susanroth44 · 
A great post for those people who follow @haejin and search about cryptocurrency and blockchain business..
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@lyndsaybowes · 
This post has been downvoted, it is a @flagtarget.

READ: [Resteeming @haejin's 8th 9th and 10th post of the day as target to be flagged.](https://steemit.com/abuse/@flagtarget/resteems-haejin-s-8th-9th-and-10th-post-of-the-day-as-target-to-be-flagged)  

They resteem 3 of @haejin's posts a day, and we concentrate our efforts on removing the *potential* rewards from those three.  

## Then @flagfund pays "The Braves" who flag those 3 posts every day, as you can see their posts are doing quite well.  

![Screen Shot 2018-04-28 at 9.28.33 PM.png](https://steemitimages.com/DQma99ViJcxuBcMaHLhWaEfc1QuzsXmNeLZQM3gvGHXZPJb/Screen%20Shot%202018-04-28%20at%209.28.33%20PM.png)

![Screen Shot 2018-04-28 at 9.28.51 PM.png](https://steemitimages.com/DQmbfGS8GStSHkn7FxQCntEs7YAN8588bj5m3zTZUCuqZE5/Screen%20Shot%202018-04-28%20at%209.28.51%20PM.png)
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