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The pair trades weak continuously for the past three trading sessions (Poloniex). It is currently trading around USDT10.49 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: USDT11.27
Kijun-Sen level: USDT11.46
Trend reversal level - (100 day MA) – USDT11.09
Long- term trend remains to be bearish. The pair trades well below 100- day MA and a decline till 200- day MA 9.10is likely.
Major resistance is seen at USDT10.81 (23.6% retracement of USDT12.40 and USDT10.32) and any break above targets USDT11.09 (100- day MA) / USDT11.39 (10- day MA). Short term support is around USDT10.11 (1.27% retracement of USDT12.40 and USDT10.329) and any break below targets USDT9.20 (200- day MA).
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FxWirePro: DASH/USDT trades weak, good to sell on rallies
Tuesday, October 18, 2016 12:45 PM UTC
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