The pair has broken yesterday low of USDT11.18 and declined till USDT11.15 (Poloniex). It is currently trading around USDT11.45 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: USDT12.14

Kijun-Sen level: USDT11.98

Trend reversal level - (90 day EMA) – USDT10.56

Long-term trend remains to be neutral. In the daily chart, the pair is trading slightly well below Tenkan-Sen and Kijun-Sen. So it should close above 10- day MA for slight bullishness.

Major resistance is around USDT11.74 (7- day EMA) and any break above targets USDT12.02 (10- day MA/USDT13.20 (Sep 13th high). Short-term support is seen at USDT10.77 (Sep 4th 2016 low) and any violation below will drag the pair down USDT10.56 (90- day EMA)/USDT9.94 (100- day MA).