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DASH/USDT pair has broken minor resistance at USDT12 and jumped till USDT12.34 (Poloniex). DASHUSDT is trading well above short term and Long term MA. So the long term trend is slightly bullish. It is currently trading around USDT12.4.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: USDT10.74
Kijun-Sen level: USDT10.28
Trend reversal level - (100 days MA) – USDT9.99
Long- term trend remains to be bullish. DASH/USDT is facing strong resistance at USDT12.40 (Oct 3rd, 2016 high) and any violation above will take the pair till USDT13.20 (Sep 13th 2016 high).
Major resistance is around USDT12.40 (Oct 3rd, 2016 high) and any break above targets UST13.20 (Sep 13th 2016 high)/USDT14.55 (Aug 22nd high). Short-term support is seen at USDT11.33 (5- day MA) and any break below will drag the pair down till USDT10.61 (10- day MA) /USDT10 (200- day MA).
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DASH/USDT faces strong resistance at USDT12.40, break above targets USDT13.20
Tuesday, January 3, 2017 12:59 PM UTC
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