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DASH/ USDT faces minor support at 61.8% fibo, break below targets USDT11.34

Tuesday, January 10, 2017 12:33 PM UTC

DASH/USDT is seen trading below in red on Tuesday. The pair has slightly jumped after declining till USDT12.19 level (Poloniex). It is currently trading around USDT12.48 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: USDT14.03

Kijun-Sen level: USDT112.99

Trend reversal level - (89 day EMA) – USDT10.37

Long-term trend remains to be bullish. DASH/USDT faces strong support at 61.8% fibo and any break below will take the pair till USDT11.34.

Major resistance –USDT12.99 (daily Kijun-Sen) and any break above targets USDT14.03 (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 USDT11.24 (30- day EMA) /USDT10.57 (60- day EMA).

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Digital Currency Revolution

DASH/ USDT faces minor support at 61.8% fibo, break below targets USDT11.34

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