DASH/USDT is seen trading low in red on Thursday. The pair has formed a temporary top around USDT10.66 and declined sharply from that level (Poloniex). It is currently trading around USDT9.66 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: USDT9.80

Kijun-Sen level: USDT9.50

Trend reversal level - (100 days MA) – USDT10.16

Long- term trend remains to be bearish. DASH/USDT has broken 200- day MA and this confirms minor weakness, dip till USDT8.95 is possible strong support at 200- day MA any close below confirms minor weakness.

Major resistance is around USDT9.88 (200- day MA) and any break above targets usdt10.16 (100- day MA/usdt10.66 (Dec 19th high).  Short-term support is seen at USDT8.95 (Dec 13th, 2016 low) and any break below will drag the pair down till USDT8.20 (Nov 24th low)/ USDT8