FxWirePro: DASH/ USDT trades flat, good to sell below USDT8 level
DASH/USDT is seen trading below in red on Friday. The pair is trading in a narrow range between 9.26 and 8.64 for the past seven trading days (Poloniex). It is currently trading around USDT8.630 at the time of writing. I…
By Sujha Sundararanjan
Updated 1 min read
Image from the original EconoTimes article
DASH/USDT is seen trading below in red on Friday. The pair is trading in a narrow range between 9.26 and 8.64 for the past seven trading days (Poloniex). It is currently trading around USDT8.630 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: USDT8.73
Kijun-Sen level: USDT9.37
Trend reversal level - (100 days MA) – USDT10.68
Long- term trend remains to be bearish. DASHUSDT faces strong support at USDT8 and any break below USDT8.20 confirms further weakness.
Major resistance can be noticed at USDT8.83 (10- day MA) and any break above targets 9.37 (daily kijun-Sen)/USDT9.73 (200- day MA). Short-term support is seen at USDT8.20 (Oct 29th low) and any break below targets USDT6.70 (7th Jul low).
The exchange confirmed the loss Sunday, Oct. 25, four days after the wallet activity. CoinDCX said its live customer systems and deposit balances were unaffected.
