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DASH/USDT is seen trading below on Monday. The pair has declined slightly after jumping till 8.95 yesterday (Poloniex). It is currently trading around USDT8.50 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: USDT8.87
Kijun-Sen level: USDT9.15
Trend reversal level - (100 days MA) – USDT10.56
Long- term trend remains to be bearish. DASHUSDT faces strong support at USDT8 and any break below USDT8.20 confirms further weakness.
Major resistance is around USDT8.88 (21- day MA) and any break above targets 9.15 (daily kijun-Sen)/USDT9.76 (200- day MA). Short-term support is seen at USDT8.20 (Oct 29th low) and any break below targets USDT6.70 (7th Jul low).
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FxWirePro: DASH/ USDT struggles to close above 21- day MA, good to sell on rallies
Monday, December 5, 2016 1:01 PM UTC
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