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FxWirePro: DASH/USDT downside capped by daily Kijun-Sen, good to buy on dips

DASH/USDT is seen trading above on Tuesday. The pair has jumped after showing mild dip till USDT8.95 (Poloniex). It is currently trading around USDT9.29 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: USDT9.00

Kijun-Sen level: USDT8.93

Trend reversal level - (100 days MA) – USDT10.34

Long- term trend remains to be bearish. DASHUSDT downside capped by daily Kijun-Sen and any break below confirms minor weakness.

Major resistance –USDT9.80 (200- day MA) and any break above targets USDT10.32 (100- day MA)/USDT10.54 (Nov 8th high).    Short-term support is seen at USDT8.95 (daily Kijun-Sen) and any break below targets USDT8.20 (Oct 29th low)/ USDT6.70 (7th Jul low).

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