FxWirePro: DASH/ USDT faces strong resistance at 50-day MA, good to buy on dips
DASH/ USDT pair has made a high of USDT10.54 and started to decline from that level (Poloniex). It is currently trading around USDT9.84 at the time of writing. Ichimoku analysis of daily chart shows: Tenkan-Sen level: US…
By Sujha Sundararanjan
Updated 1 min read
Image from the original EconoTimes article
DASH/ USDT pair has made a high of USDT10.54 and started to decline from that level (Poloniex). It is currently trading around USDT9.84 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: USDT9.59
Kijun-Sen level: USDT9.87
Trend reversal level - (100 day MA) – USDT11.31
Long- term trend remains to be bearish. The pair is struggling to break above 50- day MA and any break above targets USDT11.31.
Major resistance is seen at USDT10.75 (50- day MA) and any break above targets USDT11.30 (100- day MA)/USDT 12.40. Short term support can be noticed at USDT9.44 (200 –day MA) and any break below targets USDT8.64 (Nov 11th 2016 low) /USDT8 (Oct 29th 2016 low)/USDT6.70 (7th Jul low).
An Euronext spokesperson cited settlement requirements and said the pause would continue pending an exchange update. A 21Shares ZEC product has traded in Paris since September.
