DASH/ USDT is seen struggling to trade above on Wednesday. The pair has once again retreated after jumping till USDT12.19 yesterday (Poloniex). It is currently trading around USDT11.94 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: USDT11.82

Kijun-Sen level: USDT12.05

Trend reversal level - (100 day EMA) – USDT10.26

Long- term trend remains to be neutral. The pair is facing strong resistance at USDT12.50 (trend line joining USDT15.24 and USDT14.82) and any break above targets USDT13.20. In the daily chart the pair is currently slightly below Kijun-Sen but well above 21- day MA, 10 –day MA and 50 –day MA.

Major resistance is seen at USDT12.50 (trend line joining USDT15.24 and USDT14.82) and any break above targets USDT13.20 (Sep 13th high)/USDT14.55 (Aug 22nd high). Short-term support is seen at USDT11.51 (55- day EMA) and any break below targets USDT11.15 (21st- Sep high) and break below targets USDT10.77 (Sep 4th 2016 low) /USDT10.26 (100- day MA).