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DASH/USDT is seen trading above on Thursday. The pair jumped slightly till USDT9.49 after hitting the low of USDT8.77 yesterday (Poloniex). It is currently trading around USD9.29 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: USDT9.04
Kijun-Sen level: USDT10.05
Trend reversal level - (100 days MA) – USDT11.30
Long- term trend remains to be bearish. The pair upside is capped by 200- day MA and any close above confirm minor bullishness.
Major resistance is around USDT9.36 (200- day MA) and any break above targets USDT10.17 (21- day MA) /USDT10.73 (55- day EMA). Short term support is seen at USDT8 (Oct 29th low) and any break below targets USDT6.70 (7th Jul low).
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DASH/ USDT struggles to close above 200- day MA, break above targets USDT10
Thursday, November 3, 2016 12:52 PM UTC
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