FxWirePro: DASH/ USDT takes support near 200-day MA, good to buy on dips
DASH/USDT has broken major support at USDT11.32 (30- day EMA) and declined till USDT10.63 yesterday (Poloniex). It is currently trading around USDT11.34 at the time of writing. Ichimoku analysis of daily chart shows: Ten…
DASH/USDT has broken major support at USDT11.32 (30- day EMA) and declined till USDT10.63 yesterday (Poloniex). It is currently trading around USDT11.34 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: USDT13.79
Kijun-Sen level: USDT13
Trend reversal level - (89 day EMA) – USDT10.42
Long- term trend remains to be bullish. DASH/USDT faces strong support at USDT10.28 and any break below will take the pair till USDT9.06 (Dec 23rd, 2016 low).
Major resistance –USDT11.32 (30- day EMA) and any break above targets USDT12.19 (61.8% retracement of USDT13.15 and USDT10.63)/USDT13 (daily Kijun-Sen). Short-term support is seen at USDT10.63 (60- day EMA) and any break below will drag the pair down till USDT10.25 (200- day MA)/USDT90.6 (Dec 23rd low).
