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DASH/USDT slightly gained from the low of USDT8.88 till USDT9.63 levels (Poloniex). It is currently trading around USD9.61 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: USDT9.90
Kijun-Sen level: USDT10.64
Trend reversal level - (100 days MA) – USDT11.28
Long-term trend remains to be bearish. The pair is struggling to close below 200- day MA. Any close below confirms further weakness.
Major resistance is around USDT9.825 (5- day MA) and any break above targets USDT10.15 (10- day MA) /USDT10.64 (daily Kijun-Sen). Short-term support is seen at USDT8.88 (Oct 26th low) and any break below targets USDT8.56 (26th Jul low).
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FxWirePro: DASH/ USDT struggles to close below 200- day MA, good to sell on rallies
Thursday, October 27, 2016 12:43 PM UTC
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