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DASH/USDT is seen trading in red below, on Wednesday. The pair has declined slightly after jumping till USDT9.76 levels (Poloniex). It is currently trading around USDT9.499 at the time of writing.
Ichimoku analysis (Daily chart):
Tenkan-Sen level: USDT9.87
Kijun-Sen level: USDT9.46
Trend reversal level - (100 days MA) – USDT11.30
Long- term trend remains to be bearish. The pair is trading slightly below 200-day MA.
Major resistance is seen at USDT9.91 (daily Tenken-Sen) and any break above targets USDT10.26 (55- day EMA)/USDT11.30 (100- day MA). Short term support is around USDT9.57 (200 –day MA) and any break below targets USDT8.64 (Nov 11th, 2016 low) /USDT8 (Oct 29th, 2016 low)/USDT6.70 (7th Jul low).
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DASH/ USDT trades slightly below 200- day MA, decline till USDT8.64 likely
Wednesday, November 16, 2016 12:11 PM UTC
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