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DASH/USDT faces strong resistance at 21-day MA, close above confirms further bullishness

Friday, December 9, 2016 8:29 AM UTC

DASH/USDT is seen trading above on Friday. The pair has broken major resistance around USDT8.74 and jumped till USDT8.84 (Poloniex). It is currently trading around USDT8.784 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: USDT8.64

Kijun-Sen level: USDT8.98

Trend reversal level - (100 days MA) – USDT10.42

Long-term trend remains to be bearish. DASHUSDT trades slightly above 21- day MA and a slight jump till USDT9.26 is possible.

Major resistance is seen at USDT8.74 (21- day MA) and any break above targets 9.06 (daily kijun-Sen)/USDT9.44 (55- day EMA). Short-term support can be noticed at USDT8.20 (Oct 29th low) and any break below targets USDT6.70 (7th Jul low).

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Digital Currency Revolution

DASH/USDT faces strong resistance at 21-day MA, close above confirms further bullishness

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