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FxWirePro: DASH/ USDT faces strong resistance at 200- day MA, good to buy on dips

DASH/USDT pair has slightly declined after jumping till USDT9.540 levels (Poloniex). It is currently trading around USDT9.27 at the time of writing.

Ichimoku analysis (Daily chart):

Tenkan-Sen level: USDT9.00

Kijun-Sen level: USDT8.93

Trend reversal level - (100 days MA) – USDT10.30

Long- term trend is Bearish. DASHUSDT faces strong resistance at 200- day MA and any break above will take the pair till USDT10.30.

Major resistance –USDT9.80 (200- day MA) and any break above targets USDT10.30 (100- day MA)/USDT10.54 (Nov 8th high).    Short term support – USDT8.93 (daily Kijun-Sen) and any break below targets USDT8.20 (Oct 29th low)/ USDT6.70 (7th Jul low).

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