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FxWirePro: DASH/ USDT struggles to close above Kijun-Sen, good to sell on rallies

DASH/USDT is seen trading below in red on Monday. The pair has declined after making a slight jump till USDT13.14 levels (Poloniex). It is currently trading around USDT12.66 at the time of writing.

Ichimoku analysis (Daily chart):

Tenkan-Sen level: USDT13.99

Kijun-Sen level: USDT112.25

Trend reversal level - (89 day EMA) – USDT10.18

The long- term trend is seemed to be Bullish. DASH/USDT struggles to close above daily Kijun-Sen and any break above will take the pair till USDT12.25.

Major resistance –USDT12.98 (daily Kijun-Sen) and any break above targets USDT13.99 (daily Tenken-Sen)/USDT14.79 (61.8% retracement of USDT16.94 and USDT11.34). Short term support is around USDT12.06 (61.8% retracement of USDT16.94 and USDT9.06) and any break below will drag the pair down till USDT11.15 (30- day EMA) /USDT10.50 (60- day EMA).

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