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FxWirePro: DASH/ USDT faces strong support at USDT8, good to sell on rallies

The pair has shown a slight recovery till 38.2% retracement of USDT10.54 and USDT8.20 levels (Poloniex). It is currently trading around USDT8.892 at the time of writing.

Ichimoku analysis (Daily chart):

Tenkan-Sen level: USDT9.03

Kijun-Sen level: USDT9.27

Trend reversal level - (100 day MA) – USDT11.04

Long-term trend remains to be bearish. DASHUSDT is facing minor resistance at USD9.10 (38.2% retracement of USDT10.54 and USDT8.20) and any break above will take the pair till USDT9.25/USDT9.65.

Major resistance is around USDT9.10 and any break above targets USDT9.24 (21- day MA)/USDT9.65 (200- day EMA). Short term support is seen at USDT8 (Oct 29th low) and any break below targets USDT6.70 (7th Jul low).

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