FxWirePro: DASH/ USDT struggles to break above daily Kijun-Sen, good to sell on rallies
The pair has once retreated till USDT11.415 after making a high of USDT11.74 yesterday (Poloniex). It is currently trading around USDT11.499 at the time of writing. Ichimoku analysis of daily chart shows: Tenkan-Sen leve…
The pair has once retreated till USDT11.415 after making a high of USDT11.74 yesterday (Poloniex). It is currently trading around USDT11.499 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: USDT11.60
Kijun-Sen level: USDT11.98
Trend reversal level - (90 day EMA) – USDT10.66
Long-term trend remains to be neutral. In the daily chart, the pair is facing strong resistance at daily Kijun-Sen and any slight bullishness if it closes above that level.
Major resistance is around USDT11.72 (21- day MA) and any break above targets USDT11.98 (daily Kijun-Sen)/USDT13.20 (Sep 13th high). Short-term support is seen at USDT10.77 (Sep 4th 2016 low) and any violation below will drag the pair down USDT10.56 (90- day EMA)/USDT9.94 (100- day MA).
