FxWirePro: DASH/USDT trades weak, good to sell on rallies
The pair trades weak continuously for the past three trading sessions (Poloniex). It is currently trading around USDT10.49 at the time of writing. Ichimoku analysis of daily chart shows: Tenkan-Sen level: USDT11.27 Kijun…
By Sujha Sundararanjan
Updated 1 min read
Image from the original EconoTimes article
The pair trades weak continuously for the past three trading sessions (Poloniex). It is currently trading around USDT10.49 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: USDT11.27
Kijun-Sen level: USDT11.46
Trend reversal level - (100 day MA) – USDT11.09
Long- term trend remains to be bearish. The pair trades well below 100- day MA and a decline till 200- day MA 9.10is likely.
Major resistance is seen at USDT10.81 (23.6% retracement of USDT12.40 and USDT10.32) and any break above targets USDT11.09 (100- day MA) / USDT11.39 (10- day MA). Short term support is around USDT10.11 (1.27% retracement of USDT12.40 and USDT10.329) and any break below targets USDT9.20 (200- day MA).
