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DASH/USDT has broken major support USDT10.03 (100- day MA) and declined till USDT9.50 levels (Poloniex). It is currently trading around USDT9.70 at the time of writing.
Ichimoku analysis of daily chart indicates:
Tenkan-Sen level: USDT9.8
Kijun-Sen level: USDT9.50
Trend reversal level - (100 days MA) – USDT10.16
Long- term trend remains to be bearish. DASH/USDT closed slightly below 100- day MA yesterday and a slight decline till USDT8.95 is possible.
Major resistance –USDT10.05 (100- day MA) and any break above targets USDT10.66 (Dec 19th high)/USDT10.92 (21 –Oct 2016 high). Short-term support is seen at USDT9.49 (21- day MA) and any break below will drag the pair down till USDT8.95 (Dec 13th 2016 low) /USDT8.20 (Nov 24th low)/ USDT8.
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DASH/ USDT trades slightly below 100- day MA, decline till USDT8.95 likely
Tuesday, December 27, 2016 1:07 PM UTC
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