DASH/USDT is seen trading above on Thursday. The pair has broken a major resistance at USDT14.54 (61.8% retracement of USDT16.94 and USDT10.63) and jumped till USDT14.89 levels (Poloniex). It is currently trading around USDT14.57 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: USDT12.51

Kijun-Sen level: USDT13.22

Trend reversal level - (89 days EMA) – USDT10.65

Long- term trend remains to be bullish. DASH/USDT upside capped by 61.8% fibo and break above targets 16.95.

Major resistance is around USDT14.53 (61.8% retracement of USDT16.94 and USDT10.63) and any break above targets USDT16.60 (Jan 1st, 2017 high)/USDT16.94 (Jan 4th high).  Short term support is seen at USDT13.89 (23.6% retracement of USDT10.63 and USDT14.89) and any break below will drag the pair down till USDT13.22 (daily Kijun-Sen) /USDT12.23 (50% retracement of USDT10.63 and USDT14.89)/USDT11.13 (60- day EMA).