$DASH — a scenario for a return to $40
One possible scenario for $DASH is a decline toward the $40 area after failing to rise above historical resistance.
A brief rebound may occur before the downward move. This does not change the pattern on its own if the price encounters sellers again and fails to hold above the upper area.
The $40 area is viewed as the next zone for assessing demand. Continuing the bearish outlook below it without a fresh assessment would be premature: a reaction is needed first. If, however, the market firmly establishes itself above resistance, the original downside scenario will need to be reconsidered.
One possible scenario for $DASH is a decline toward the $40 area after failing to rise above historical resistance.
A brief rebound may occur before the downward move. This does not change the pattern on its own if the price encounters sellers again and fails to hold above the upper area.
The $40 area is viewed as the next zone for assessing demand. Continuing the bearish outlook below it without a fresh assessment would be premature: a reaction is needed first. If, however, the market firmly establishes itself above resistance, the original downside scenario will need to be reconsidered.