FxWirePro: DASH/ USDT takes support near 60-day EMA, good to buy on dips
DASH/USDT is seen trading slightly above on Friday. The pair breaks the minor resistance at USDT11.36 (30- day EMA) and jumped till USDT12.47 levels yesterday (Poloniex). It is currently trading around USDT12.17 levels a…
DASH/USDT is seen trading slightly above on Friday. The pair breaks the minor resistance at USDT11.36 (30- day EMA) and jumped till USDT12.47 levels yesterday (Poloniex). It is currently trading around USDT12.17 levels 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 USDT10.70 and any break below will take the pair till UST10.30/USDT9.06 (Dec 23rd, 2016 low).
Major resistance is seen at USDT13 (daily Kijun-sen) and any break above targets USDT13.79 (daily Tenken-Sen) USDT14.52 (61.8% retracement of USDT16.94 and USDT10.63). Short term support is around USDT10.69 (60- day EMA) and any break below will drag the pair down till USDT10.30 (200- day MA)/USDT90.6 (Dec 23rd low).
