The market is currently entering a well-anticipated minor bearish phase. Many altcoins have formed bearish price action patterns, and several indicators are signaling that a stronger downward movement may be imminent.
So far, the USDT.D chart has been very reliable, and its daily bearish outlook remains intact. Of course, the market cannot always stay bullish — a correction here is both expected and necessary to maintain balance.
As mentioned in my previous analysis, many alts are already starting to weaken. USDT dominance looks ready to break down a key trendline, which could trigger even more sell-offs. Keep an eye on the 4.50% level — this should be the first area to consider taking profits from short positions.
Bonus: This weekend, a significant amount of staked ETH will be unlocked. Once released, selling pressure is likely, which could lead to a sharp correction in ETH.
Good luck.
So far, the USDT.D chart has been very reliable, and its daily bearish outlook remains intact. Of course, the market cannot always stay bullish — a correction here is both expected and necessary to maintain balance.
As mentioned in my previous analysis, many alts are already starting to weaken. USDT dominance looks ready to break down a key trendline, which could trigger even more sell-offs. Keep an eye on the 4.50% level — this should be the first area to consider taking profits from short positions.
Bonus: This weekend, a significant amount of staked ETH will be unlocked. Once released, selling pressure is likely, which could lead to a sharp correction in ETH.
Good luck.
Trade attivo
If you had short positions, move your stoplosses to breakeven levels. USDT at the supply box right now.Trade chiuso: obiettivo raggiunto
The chart will be updated soon.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.