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DASH/USDT jumped slightly after hitting the low of USDT8.64 (Poloniex). It is currently trading around USD9.23 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: USDT9.10
Kijun-Sen level: USDT10.09
Trend reversal level - (100 days MA) – USDT11.30
Long-term trend remains to be bearish. The pair upside is capped by 200- day MA and any close above confirm minor bullishness.
Major resistance is seen at USDT9.35 (200- day MA) and any break above targets USDT10.17 (21- day MA) /USDT10.73 (55- day EMA). Short-term support is around USDT8 (Oct 29th low) and any break below targets USDT6.70 (7th Jul low).
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FxWirePro: DASH/ USDT faces strong resistance at 200- day MA good to sell on rallies
Wednesday, November 2, 2016 12:23 PM UTC
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