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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).
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FxWirePro: DASH/ USDT faces strong resistance at 10 level, good to sell on rallies
Monday, November 7, 2016 12:47 PM UTC
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