DASH/USD has shown a decisive break below strong support at 50-DMA at 967.92. The pair hit session lows at 858 before paring some losses to currently trade around 900 levels. Momentum studies are bearish, RSI is now biased lower. -ve DMI is on verge of crossover on +ve DMI. Price action has dipped below daily Ichimoku cloud and we see scope for further downside. Break below 50-DMA has raised scope for test of 61.8% Fib at 691 levels. On the higher side, break above 5-DMA to see next major resistance at 20-DMA at 1065. We see bearish invalidation only on breakout at 20-DMA while could then see resumption of upside.
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