DASH/USDT is seen trading above on Wednesday. The pair has broken major resistance at USDT13.78 (50% retracement of USDT16.94 and USDT10.70) and jumped till USDT14.38 yesterday (Poloniex). It is currently trading around USDT14.14 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: USDT11.89                  

Kijun-Sen level: USDT13

Trend reversal level - (89 days EMA) – USDT10.65

The long- term trend remains to be bullish. DASH/USDT is upside capped by 61.8% fibo and any break above targets 16.95. 

Major resistance is around USDT14.52 (61.8% retracement of USDT16.94 and USDT10.63) and any break above targets USDT16.60 (Jan 1st, 2017 high)/USDT16.94 (Jan 4th high). Short term support is seen at USDT13 (daily Kijun-Sen) and any break below will drag the pair down till USDT12.24 (50% retracement of USDT8.64 and USDT13.80)/USDT11.62 (30- day EMA).