DASH/USDT is seen trading well below on Monday. The pair declined continuously for three trading session after jumping till USDT10.92 levels (Poloniex). It is currently trading around USDT9.98.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: USDT10.827
Kijun-Sen level: USDT11.17
Trend reversal level - (100 days MA) – USDT11.24
Long- term trend remains to be bearish. The pair breaks below psychological level USDT10, a decline till USDT9.23 is possible.
Major resistance is around USDT10.65 (10- day MA) and any break above targets USDT11.24 (100- day MA)/USDT11.43 (61.8% retracement of USDT12.40 and USDT9.80). Short-term support is seen at USDT9.94 (Oct 18th low) and any break below targets USDT9.23 (200- day MA).