FxWirePro: DASH/ USDT upside capped by 5-day MA, good to sell on rallies

DASH/USDT is seen trading slightly above on Tuesday. The pair slightly gained from the low of USDT9.80 till USDT10.21 levels (Poloniex). It is currently trading around USDT9.97 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: USDT10.60

Kijun-Sen level: USDT11.15

Trend reversal level - (100 days MA) – USDT11.24

Long-term trend remains to be bearish. The pair upside capped by 5- day MA, a slight bullishness only above that level.

Major resistance –USDT10.34 (5- day MA) and any break above targets USDT10.49 (10- day MA) /USDT10.91 (21- day EMA). Short-term support is seen at USDT9.80 (Oct 24th low) and any break below targets USDT9.24 (200- day MA).