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FxWirePro: DASH/ USDT struggles to close below 200- day MA, good to buy on dips

Wednesday, December 21, 2016 1:04 PM UTC

DASH/ USDT is seen trading below in red on Wednesday. The pair has slightly declined till USDT10.10 after making a high of USDT10.66 levels (Poloniex). It is currently trading around USDT10.24 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: USDT9.80

Kijun-Sen level: USDT9.50

Trend reversal level - (100 days MA) – USDT10.19

Long- term trend remains to be bearish. DASH/USDT faces strong support at 200- day MA any close below confirms minor weakness.

Major resistance is around USDT10.66 (Dec 19th, 2016 high) and any break above targets USDT11.62 (50% retracement of USDT15.25 and USDT8). Short-term support is seen at USDT9.870 (200- day MA) and any break below will drag the pair down till USDT9.47 (55- day EMA)/ USDT8.95 (Dec 13th, 2016 low).

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Digital Currency Revolution

FxWirePro: DASH/ USDT struggles to close below 200- day MA, good to buy on dips

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