DASH/USDT continues to trade well above on Wednesday. The pair has broken major resistance at USDT13.40 and jumped till USDT13.59 (Poloniex). DASH/USDT hits three months high and is trading slightly above USDT13 and is expected to trade higher in coming months. It is currently trading around USDT13.75 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: USDT11.30 

Kijun-Sen level: USDT10.88

Trend reversal level - (100 days MA) – USDT10

Long- term trend remains to be bullish. DASH/USDT has broken major resistance at USDT13.20 (Sep 13th 2016 high) and any violation above will take the pair till USDT15.25 (Aug 14th, 2016 high).

Major resistance is around USDT13.20 (Sep 13th 2016 high) and any break above targets UST14.82 (Oct 5th, 2016 high)/USDT15.25 (Aug 14th high). Short term support is seen at USDT11.72 (5- day MA) and any break below will drag the pair down till USDT10.90 (10- day MA) /USDT10 (200- day MA).