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FxWirePro: DASH/USDT downside capped by daily Kijun-Sen good to buy on dips

Friday, December 16, 2016 1:24 PM UTC

DASH/USDT is seen trading above on Friday. The pair has recovered sharply after making a low of USDT9.04 (Poloniex). It is currently trading around USDT9.57 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: USDT9.12

Kijun-Sen level: USDT8.93

Trend reversal level - (100 days MA) – USDT10.30

Long-term trend remains to be bearish. DASH/USDT faces strong support at daily Kijun-Sen and slight bearishness can be seen below that level.

Major resistance is at USDT9.82 (200- day MA) and any break above targets USDT10.28 (100- day MA)/USDT10.54 (Nov 8th high). Short term support is seen at USDT8.93 (daily Kijun-Sen) and any break below targets USDT8.20 (Oct 29th low)/ USDT6.70 (7th Jul low).

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FxWirePro: DASH/USDT downside capped by daily Kijun-Sen good to buy on dips

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