FxWirePro: DASH/USDT faces strong resistance at 7-day EMA, good to sell on rallies
DASH/USDT jumped slightly from the low of USDT10.11 made yesterday (Poloniex). It is currently trading around USDT10.65 at the time of writing. Ichimoku analysis of daily chart shows: Tenkan-Sen level: USDT10.98 Kijun-Se…
DASH/USDT jumped slightly from the low of USDT10.11 made yesterday (Poloniex). It is currently trading around USDT10.65 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: USDT10.98
Kijun-Sen level: USDT11.17
Trend reversal level - (100 days MA) – USDT11.14
Long-term trend remains to be bearish. The pair jumped till USDT10.83 but its upside is capped by 7- day EMA. Any slight jump can be seen only above that level.
Major resistance is around USDT10.89 (7- day EMA) and any break above targets USDT11.12 (100- day MA) USDT11.53 (21- day MA). Short-term support is seen at USDT10.11 (1.27% retracement of USDT12.40 and USDT10.329) and any break below targets USDT9.20 (200- day MA).
The $0.131 mark was the late-September high; a revisit would depend on Bitcoin (BTC) strengthening and crypto-market sentiment improving. No timeframe was given.
