DASH/USDT is seen trading above on Wednesday. The pair has recovered sharply from the low of USDT9.50 level (Poloniex). DASH/USDT broken minor resistance of USD10.29 high made on 26th Dec. It is currently trading around USDT10.34 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: USDT9.86

Kijun-Sen level: USDT9.50

Trend reversal level - (100 day MA) – USDT10.01

Long- term trend remains to be bearish. DASH/USDT is facing major resistance around USDT10.66 (Dec 19th 2016).The pair should break above that level for further jump till USDT11.28 is possible.

Major resistance –USDT10.66 (Dec 19th high) and any break above targets USDT10.92 (21 –Oct 2016 high)/USDT11.22 (61.8% retracement of USDT13.20 and USDT8). Short term support is seen at USDT9.94 (200- day MA) and any break below will drag the pair down till USDT9.54 (21- day MA) /USDT8.95 (Dec 13th 2016 low) /USDT8.20 (Nov 24th low)/ USDT8.