DASH/USDT is seen trading in red slightly below on Monday. The pair has recovered sharply from the low of USDT9.06 (Poloniex). It is currently trading around USDT10.00 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: USDT9.8

Kijun-Sen level: USDT9.50

Trend reversal level - (100 days MA) – USDT10.16

Long- term trend remains to be bearish. DASH/USDT slight jump is capped by 100- day MA and any close above that level, confirms minor bullishness.

Major resistance is seen around USDT10.20 (100- day MA) and any break above targets USDT10.66 (Dec 19th high)/USDT10.92 (21 –Oct 2016 high). Short-term support can be noticed at USDT9.43 (21- day MA) and any break below will drag the pair down till USDT8.95 (Dec 13th, 2016 low) /USDT8.20 (Nov 24th low)/ USDT8.