DASH/USDT is seen trading well above on Monday and it has broken 61.8% retracement level at USDT11.21 and jumped till USDT11.78 (Poloniex). The pair is trading higher for the past five trading session and slight weakness can be seen only below USD10 (100- and 200- day MA). It is currently trading around USDT11.65 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: USDT10.60

Kijun-Sen level: USDT10.12

Trend reversal level - (100 days MA) – USDT9.99

Long- term trend remains to be bullish. DASH/USDT is trading well above $11.21 (61.8% retracement of USDT13.20 and USDT8) and a jump till USDT12.40 is possible.

Major resistance is around USDT11.97 (76.4% retracement of USDT13.20 and USDT8) and any break above targets USDT12.40 (Oct 3rd, 2016 high)/UST13.20 (Sep 13th 2016 high). Short-term support is seen at USDT10.97 (5- day MA) and any break below will drag the pair down till USDT10.38 (10- day MA) /USDT9.99 (200- day MA).