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).