FxWirePro: DASH/ USDT trades well above daily Kijun-Sen, jump till 16.94 likely
DASH/USDT is seen trading well above on Tuesday. The pair broke a major resistance at 13 and jumped until 13.80 levels (Poloniex). It is currently trading around USDT13.64 at the time of writing. Ichimoku analysis of dai…
DASH/USDT is seen trading well above on Tuesday. The pair broke a major resistance at 13 and jumped until 13.80 levels (Poloniex). It is currently trading around USDT13.64 at the time of writing.
Ichimoku analysis of daily chart indicates:
Tenkan-Sen level: USDT11.89
Kijun-Sen level: USDT13
Trend reversal level - (89 day EMA) – USDT10.65
Long- term trend remains to be bullish. DASH/USDT trades well above daily Kijun-Sen, a jump till 16.95 likely.
Major resistance is around USDT14.52 (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 (daily Kijun-Sen) and any break below will drag the pair down till USDT12.24 (50% retracement of USDT8.64 and USDT13.80)/USDT11.62 (30- day EMA).
