FxWirePro: DASH/ USDT struggles to close below USDT8 level, good to sell on rallies
DASH/USDT has formed a minor bottom around USDT8.30 and slightly recovering from that level (Poloniex). It is currently trading around USDT8.70 at the time of writing. Ichimoku analysis of daily chart shows: Tenkan-Sen l…
By Sujha Sundararanjan
Updated 1 min read
Image from the original EconoTimes article
DASH/USDT has formed a minor bottom around USDT8.30 and slightly recovering from that level (Poloniex). It is currently trading around USDT8.70 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: USDT8.745
Kijun-Sen level: USDT9.06
Trend reversal level - (100 day MA) – USDT10.48
Long-term trend remains to be bearish. DASH/USDT faces strong support at USDT8 and any break below USDT8 confirms further weakness.
Major resistance is around USDT8.78 (21-day MA) and any break above targets 9.06 (daily kijun-Sen)/USDT9.46 (55- day EMA). 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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