The pair recovered from the low of USDT11.15 till USDT11.74 (Poloniex). It is currently trading around USDT11.44 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: USDT12.17

Kijun-Sen level: USDT11.98

Trend reversal level - (90 day EMA) – USDT10.56

Long-term trend remains to be neutral. In the daily chart, the pair is facing strong resistance at 9- day EMA and any slight bullishness only above that level.

Major resistance is around USDT11.74 (9- day EMA) and any break above targets USDT12.17 (daily tenken-Sen) /USDT13.20 (Sep 13th high). Short term support is seen at 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).