DASH/USDT is seen trading above on Monday. The pair has broken major resistance at USDT9.85 (200- day MA) and jumped sharply till USDT10.66 levels (Poloniex). It is currently trading around USDT10.16 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: USDT9.32

Kijun-Sen level: USDT9.06

Trend reversal level - (100 days MA) – USDT10.21

Long- term trend remains to be bearish. DASH/USDT is trading well above 200 –day MA and confirms a minor trend reversal. Jump till USDT11.45 is possible.

Major resistance –USDT10.60 (Nov 8th, 2016 high) and any break above targets USDT11.62 (50% retracement of USDT15.25 and USDT8). Short-term support is seen at USDT9.85 (200- day MA) and any break below targets USDT9.40 (55- day EMA)/ USDT9.06 (daily Kijun-Sen).