FxWirePro: DASH/ USDT faces strong support at 61.8% fibo, break below targets USD10.18
DASH/USDT has declined after making a temporary top around USDT16.94 (Poloniex). DASHUSDT declined till USDT12.29 yesterday. It is currently trading around USDT13.44 at the time of writing. Ichimoku analysis of daily cha…
DASH/USDT has declined after making a temporary top around USDT16.94 (Poloniex). DASHUSDT declined till USDT12.29 yesterday. It is currently trading around USDT13.44 at the time of writing.
Ichimoku analysis of daily chart indicates:
Tenkan-Sen level: USDT13.36
Kijun-Sen level: USDT112.84
Trend reversal level - (89 day EMA) – USDT10.18
Long- term trend remains to be bullish. DASH/USDT has taken support near 61.8% fibo level and any break below confirms further weakness till USD10.18.
Major resistance is seen at USDT13.36 (daily Tenken-Sen) and any break above targets UST14.08 (38.2% retracement of USDT16.94 and USDT12.29)/USDT15.25 (Aug 14th high). Short term support is around USDT12.06 (61.8% retracement of USDT16.94 and USDT9.06) and any break below will drag the pair down till USDT10.86 (30- day EMA) /USDT10.13 (200- day MA).
