$DASH — former support at 48.6 has been reclaimed
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The price pierced 48.6, but the day closed above it. The previous hypothesis that the base would hold remains intact; resistance has not yet been reclaimed.
A daily close of $DASH above 51.1, followed by holding that level on a pullback, would strengthen the scenario of a return to weekly resistance at 58.
A daily close of $DASH below 48.6 would invalidate the hypothesis that the previous base will hold.
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The price pierced 48.6, but the day closed above it. The previous hypothesis that the base would hold remains intact; resistance has not yet been reclaimed.
A daily close of $DASH above 51.1, followed by holding that level on a pullback, would strengthen the scenario of a return to weekly resistance at 58.
A daily close of $DASH below 48.6 would invalidate the hypothesis that the previous base will hold.