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DASH/ USDT faces strong support at 100-day MA, close below targets USDT9.40

DASH/USDT pair has slightly declined till USDT10.10 after making a high of USDT10.66 (Poloniex). It is currently trading around USDT10.26 at the time of writing.

Ichimoku analysis (Daily chart):

Tenkan-Sen level: USDT9.69

Kijun-Sen level: USDT9.43

Trend reversal level - (100 days MA) – USDT10.20

Long- term trend remains to be bearish. DASH/USDT struggles to close below 100-day MA any close below confirms minor weakness.

Major resistance is around USDT10.60 (Nov 8th, 2016 high) and any break above targets USDT11.62 (50% retracement of USDT15.25 and USDT8). Short term support is seen at USDT10.20 (100- day MA) and any break below will drag the pair down till USDT9.85 (200- day MA)/USDT9.44 (55- day EMA)/ USDT8.95 (Dec 13th, 2016 low).

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