It is true that the upward trendline of USDT dominance has been broken, but we need to pay attention to market maker movements designed to trap early buyers who have entered altcoins too soon.
The recent correction in USDT dominance appears to be a corrective pattern (CP), and there are nearby key support levels that are expected to hold the price.
This support can extend down to the lower red line, or it may move up to retest the previous high, or even hunt the previous high to form a double top pattern and then drop to the downside.
So closely monitor the green zone as the support area for this index, and the red lines as potential rejection zones.
If you have a coin or altcoin you want analyzed, first hit the like button and then comment its name so I can review it for you.
Do you also think USDT Dominance is bullish?
The recent correction in USDT dominance appears to be a corrective pattern (CP), and there are nearby key support levels that are expected to hold the price.
This support can extend down to the lower red line, or it may move up to retest the previous high, or even hunt the previous high to form a double top pattern and then drop to the downside.
So closely monitor the green zone as the support area for this index, and the red lines as potential rejection zones.
If you have a coin or altcoin you want analyzed, first hit the like button and then comment its name so I can review it for you.
Do you also think USDT Dominance is bullish?
🔥 Don't Just Watch the Market. Understand It!
📊 Crypto Analysis & Setups:
👉 t.me/Behdark_EN
💹 Forex Analysis & Setups:
👉 t.me/FX_Behdark
🚀 Join BehDark for Market Insights, Trading Setups & Key Levels. Choose Your Market & Join Us!
📊 Crypto Analysis & Setups:
👉 t.me/Behdark_EN
💹 Forex Analysis & Setups:
👉 t.me/FX_Behdark
🚀 Join BehDark for Market Insights, Trading Setups & Key Levels. Choose Your Market & Join Us!
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
🔥 Don't Just Watch the Market. Understand It!
📊 Crypto Analysis & Setups:
👉 t.me/Behdark_EN
💹 Forex Analysis & Setups:
👉 t.me/FX_Behdark
🚀 Join BehDark for Market Insights, Trading Setups & Key Levels. Choose Your Market & Join Us!
📊 Crypto Analysis & Setups:
👉 t.me/Behdark_EN
💹 Forex Analysis & Setups:
👉 t.me/FX_Behdark
🚀 Join BehDark for Market Insights, Trading Setups & Key Levels. Choose Your Market & Join Us!
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.