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The pair recovered from the low of USDT11.15 till USDT11.74 (Poloniex). It is currently trading around USDT11.44 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: USDT12.17
Kijun-Sen level: USDT11.98
Trend reversal level - (90 day EMA) – USDT10.56
Long-term trend remains to be neutral. In the daily chart, the pair is facing strong resistance at 9- day EMA and any slight bullishness only above that level.
Major resistance is around USDT11.74 (9- day EMA) and any break above targets USDT12.17 (daily tenken-Sen) /USDT13.20 (Sep 13th high). Short term support is seen at USDT10.77 (Sep 4th 2016 low) and any violation below will drag the pair down USDT10.56 (90- day EMA)/USDT9.94 (100- day MA).
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FxWirePro: DASH/ USDT struggles to break above 9- day EMA, good to sell on rallies
Thursday, September 22, 2016 12:33 PM UTC
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