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DASH/ USDT faces strong resistance at 21- day MA, close above confirms further bullishness

Thursday, December 8, 2016 12:48 PM UTC

DASH/USDT has recovered slightly after making a low of USDT8.34 (Poloniex). It is currently trading around USDT8.72 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: USDT8.67

Kijun-Sen level: USDT9.06

Trend reversal level - (100 days MA) – USDT10.45

Long- term trend remains to be bearish. DASHUSDT faces strong resistance at 21- day MA at USDT8.74 and any close above confirms further bullishness.

Major resistance can be noticed at USDT8.74 (21- day MA) and any break above targets 9.06 (daily kijun-Sen)/USDT9.44 (55- day EMA). Short-term support is seen at USDT8.20 (Oct 29th low) and any break below targets USDT6.70 (7th Jul low).

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Digital Currency Revolution

DASH/ USDT faces strong resistance at 21- day MA, close above confirms further bullishness

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