Digital Currency

Add as a preferred source on Google

FxWirePro: DASH/USDT upside capped by 10–day MA, good to sell on rallies

The pair 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…

Updated 1 min read
FxWirePro: DASH/USDT upside capped by 10–day MA, good to sell on rallies
Image from the original EconoTimes article

Read the original article

The pair 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) – USDT11.17

Long-term trend remains to be bearish. The pair jumped till USDT10.83 but its upside is capped by 10- day MA. Any slight jump can be seen only above that level.

Major resistance is around USDT11 (10- day MA) and any break above targets USDT11.17 (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).

Related articles

View all