FxWirePro: DASH/ USDT faces strong resistance at daily Kijun-Sen, good to sell on rallies
DASH/USDT has declined sharply after hitting USDT9.98 levels (Poloniex). It is currently trading around USD9.01 at the time of writing. Ichimoku analysis of daily chart shows: Tenkan-Sen level: USDT9.32 Kijun-Sen level: …
By Sujha Sundararanjan
Updated 1 min read
Image from the original EconoTimes article
DASH/USDT has declined sharply after hitting USDT9.98 levels (Poloniex). It is currently trading around USD9.01 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: USDT9.32
Kijun-Sen level: USDT10.15
Trend reversal level - (100 day MA) – USDT11.28
Long- term trend remains to be bearish. The pair upside is capped by daily Kijun-Sen and any break above confirm minor bullishness.
Major resistance is seen at USDT9.54 (10- day MA) and any break above targets USDT10.15 (Daily Kijun-sen) /USDT10.30 (21- day MA). Short-term support is around USDT8.88 (Oct 26th low) and any break below targets USDT8.56 (26th Jul low).
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Holders will use a verified claims process after the contract route closes, while MaticX withdrawals remain on-chain at 1.2002 Polygon Ecosystem Token (POL) per token.