DASH/ USDT faces strong support at 200-day MA, break below targets USDT8
DASH/USDT pair has recovered slightly from the low of USDT9.40 (Poloniex). It is currently trading around USDT9.75 at the time of writing. Ichimoku analysis of daily chart shows: Tenkan-Sen level: USDT9.59 Kijun-Sen leve…
By Sujha Sundararanjan
Updated 1 min read
Image from the original EconoTimes article
DASH/USDT pair has recovered slightly from the low of USDT9.40 (Poloniex). It is currently trading around USDT9.75 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: USDT9.59
Kijun-Sen level: USDT9.85
Trend reversal level - (100 day MA) – USDT11.30
Long- term trend remains to be bearish. The pair is facing strong support at 200-day MA and any close below targets USDT8.
Major resistance is seen at USDT10.72 (50- day MA) and any break above targets USDT11.30 (100- day MA)/USDT 12.40. Short term support is at USDT9.47 (200 –day MA) and any break below targets USDT8.64 (Nov 11th 2016 low) /USDT8 (Oct 29th 2016 low)/USDT6.70 (7th Jul low).
