The pressure on $DASH is becoming hard to ignore. Looking across the board, the 1-hour and 4-hour timeframes are showing significant bearish strength, leaving the price pinned near the $36.89 level.
We are currently looking at a pullback setup, though it is important to note that entry confirmation is still pending. The immediate floor at $36.86 is currently under fire; if that level fails to hold, the next downside targets sit at $36.76 and $36.70.
On the flip side, any minor relief rallies will likely run into a wall of resistance starting around $37.03 and stretching up to $37.22. Until the trend shifts on those higher timeframes, the bears clearly have the upper hand here.
We are currently looking at a pullback setup, though it is important to note that entry confirmation is still pending. The immediate floor at $36.86 is currently under fire; if that level fails to hold, the next downside targets sit at $36.76 and $36.70.
On the flip side, any minor relief rallies will likely run into a wall of resistance starting around $37.03 and stretching up to $37.22. Until the trend shifts on those higher timeframes, the bears clearly have the upper hand here.
