The pair has once retreated till USDT11.415 after making a high of USDT11.74 yesterday (Poloniex). It is currently trading around USDT11.499 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: USDT11.52

Kijun-Sen level: USDT11.98

Trend reversal level - (90 day EMA) – USDT10.66

Long- term trend remains to be neutral. In the daily chart, the pair is facing strong resistance at 21- day MA and any slight bullishness if it closes above that level.

Major resistance is seen at USDT11.73 (21- day MA) and any break above targets USDT11.98 (daily Kijun-Sen)/USDT13.20 (Sep 13th high). Short term support is around USDT10.77 (Sep 4th 2016 low) and any violation below will drag the pair down USDT10.56 (90- day EMA)/USDT9.94 (100- day MA).