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FxWirePro- Major Crypto levels and bias summary

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FxWirePro: DASH/ USDT struggles to close above 21- day MA, good to sell on rallies

Tuesday, November 29, 2016 11:44 AM UTC

DASH/USDT is seen trading below in red on Tuesday. The pair has broken minor support at USDT 8.68 and declined slightly from that level (Poloniex). It is currently trading around USDT8.66 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: USDT8.95

Kijun-Sen level: USDT9.37

Trend reversal level - (100 days MA) – USDT11.04

Long- term trend remains to be bearish. DASH/USDT shown a slight jump but not able to close above 21- day MA and any break above confirms minor bullishness.

Major resistance is seen at USDT9.15 (21- day MA) and any break above targets 9.37 (daily kijun-Sen)/USDT9.71 (200- day MA). Short-term support can be noticed at USDT8 (Oct 29th low) and any break below targets USDT6.70 (7th Jul low).

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Digital Currency Revolution

FxWirePro: DASH/ USDT struggles to close above 21- day MA, good to sell on rallies

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