DASH/USDT breaks slightly above 200 –day MA and jumped till USDT9.799 levels (Poloniex). It is currently trading around USDT9.48 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: USDT8.99

Kijun-Sen level: USDT10.01

Trend reversal level - (100 days MA) – USDT11.30

Long- term trend remains to be bearish. The pair upside is capped by daily Kijun-Sen and any close above confirm minor bullishness.

Major resistance is seen at USDT10.01 (daily Kijun-Sen) and any break above targets USDT10.48 (55- day EMA) /USDT10.84 (161.8% retracement of USDT9.98 and USDT8.64). Short-term support can be noticed at USDT8.64 (Nov 11th, 2016 low) and any break below targets USDT8 (Oct 29th, 2016 low)/USDT6.70 (7th Jul low).