DASH/USD is extending weakness below 200-DMA, bias lower. Technical studies are highly bearish. 5 and 20 DMA are sharply lower. Bollinger bands are widening. Stochs and RSI show bearish momentum and MACD is deeply in negative territory. We see -ve DMI dominance and ADX supports trend lower. Price action has broken 78.6% Fibo and 200-DMA, is on track to test 88.6% Fibo at 408 levels. On the flipside, retrace and close above 20-DMA (currently at 732) invalidates bearish bias.
Support levels - 430 (Feb 2 low), 408 (88.6% Fib retrace of 252 to 1625 rally), 310 (Nov 12 lows) Resistance levels - 546 (78.6% Fib retrace of 252 to 1625 rally), 575 (5-DMA), 732 (20-DMA)
Watch out for close below 200-DMA for weakness. Place stops at 650, target 430/ 408/ 310.