FxWirePro: DASH/USD breaks major trendline support at 315, stay short for 285

• DASH/USD has shown a break at strong trendline support at 315 on the 4H charts.
   
• Recovery attempts in the pair have been capped below new trendline support turned resistance at 320 levels.
   
• On the daily charts, the pair has slipped below 5-DMA on Monday's trade and on the day upside was capped at 5-DMA at 320.
   
• Price action is below daily cloud and major EMAs. Scope for weakness till 283 (major trendline support). Further weakness only on break below.
   
• On the upside, breakout at 320 could see further gains. Next major resistance above 320 lies at 342 (21-EMA).
   
• Break above 21-EMA could see test of 50-DMA at 409 levels.

Support levels - 300, 283 (trendline)

Resistance levels - 320 (5-DMA), 342 (21-EMA)

Recommendation: Good to stay short on upticks, SL: 325, 300/ 285

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