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FxWirePro: DASH/ USDT faces strong resistance at 21- day MA, good to sell on rallies

Friday, November 25, 2016 12:09 PM UTC

DASH/USDT has shown a slight recovery till 21- day MA and started to decline from that level (Poloniex). It is currently trading around USDT9.07 at press time.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: USDT8.95

Kijun-Sen level: USDT9.37

Trend reversal level - (100 days MA) – USDT11.04

Long- term trend- Bearish. DASHUSDT is facing minor resistance at USD9.23 (21- day MA) and any break above confirms minor bullishness.

Major resistance is aroundUSDT9.23 (21- day MA) and any break above targets USDT9.66 (200- day EMA). Short term support is seen at USDT8 (Oct 29th low) and any break below targets USDT6.70 (7th Jul low).

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Digital Currency Revolution

FxWirePro: DASH/ USDT faces strong resistance at 21- day MA, good to sell on rallies

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