DASH/USDT is seen trading low in red on Thursday. The pair has slightly recovered after declining till USDT9 (Poloniex). It is currently trading around USDT9.31 at press time.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: USDT9.77

Kijun-Sen level: USDT9.45

Trend reversal level - (100 days MA) – USDT11.29

Long- term trend remains to be bearish. The pair is trading slightly below 200-day MA.

Major resistance is seen at USDT9.77 (daily Tenken-Sen) and any break above targets USDT10.23 (55- day EMA)/USDT11.30 (100- day MA). Short-term support is around USDT9 (Nov 16th, 2016 low) and any break below targets USDT8.64 (Nov 11th, 2016 low) /USDT8 (Oct 29th, 2016 low)/USDT6.70 (7th Jul low).