FxWirePro: DASH/ USDT struggles to close above 200 –day MA, good to sell on rallies
DASH/USDT has recovered slightly till USDT9.95 from the low of USDT9.10 made yesterday (Poloniex). It is currently trading around USDT10.24 at the time of writing. Ichimoku analysis of daily chart shows: Tenkan-Sen level…
By Sujha Sundararanjan
Updated 1 min read
Image from the original EconoTimes article
DASH/USDT has recovered slightly till USDT9.95 from the low of USDT9.10 made yesterday (Poloniex). It is currently trading around USDT10.24 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: USDT9.8
Kijun-Sen level: USDT9.50
Trend reversal level - (100 days MA) – USDT10.16
Long-term trend remains to be bearish. DASH/USDT slight jump is capped by 200- day MA and any close above that level confirms minor bullishness.
Major resistance is seen at USDT9.90 (200- day MA) and any break above targets usdt10.10 (100- day MA/usdt10.66 (Dec 19th high). Short-term support is around USDT8.95 (Dec 13th, 2016 low) and any break below will drag the pair down till USDT8.20 (Nov 24th low)/ USDT8.
Ethena said Binance and other centralized platforms did not directly hold USDe backing funds. It also cited weekly attestations from independent providers.
