ðĨģI hope you have a Great weekend.
ðToday, I want to analyze the Market Cap USDT Dominance% (USDT.D%) for you, which greatly impacts the cryptocurrency market trend.
ðWhat is Market Cap USDT Dominance% (USDT.D%)âïļâ
ðļMarket Cap USDT Dominance% (USDT.D%) shows what percentage of the money is on USDT. There are 2 causes of the increase of USDT dominance.
ðļThe first is that investors put cash on the market from the outside, which is due to the unfavorable weather in the market. And the second is again, as the market falls, investors withdraw their funds from cryptocurrency investments and put them to USDT. In both of them, a decrease in cryptocurrencies and an increase in USDT holders are observed.
ðââïļWhat is Market Cap USDT Dominance% (USDT.D%) is currently moving in a ðĒHeavy Support zone(5.35%-4.90%)ðĒnear the Support lines and 200_SMA(Weekly).
ðĄAlso, we can see Regular Divergence(RD+) between two Consecutive Valleys.
â In addition, USDT.D% has managed to form a standard Rounding Bottom Pattern, which can be a sign of the end of the downward trend of USDT.D%.
ðWhat is the Rounding Bottom Patternâïļâ
ðļThe Rounding Bottom Pattern is a Reversal Pattern. It is also referred to as a saucer bottom pattern. It is a trend reversal pattern used in technical analysis to identify the end of a downward trend and the gradual price shift from a bearish to a bullish trend.
ðI expect USDT.D% to be bullish in the coming hours and at least rise to the ðīResistance zone(5.50%-5.43%)ðī, which could cause the cryptocurrency market to a correction.
Market Cap USDT Dominance% Analyze (USDT.D%), 1-hour time frame â°.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the â ' like'â button ðð & Share it with your friends; thanks, and Trade safe.
ðToday, I want to analyze the Market Cap USDT Dominance% (USDT.D%) for you, which greatly impacts the cryptocurrency market trend.
ðWhat is Market Cap USDT Dominance% (USDT.D%)âïļâ
ðļMarket Cap USDT Dominance% (USDT.D%) shows what percentage of the money is on USDT. There are 2 causes of the increase of USDT dominance.
ðļThe first is that investors put cash on the market from the outside, which is due to the unfavorable weather in the market. And the second is again, as the market falls, investors withdraw their funds from cryptocurrency investments and put them to USDT. In both of them, a decrease in cryptocurrencies and an increase in USDT holders are observed.
ðââïļWhat is Market Cap USDT Dominance% (USDT.D%) is currently moving in a ðĒHeavy Support zone(5.35%-4.90%)ðĒnear the Support lines and 200_SMA(Weekly).
ðĄAlso, we can see Regular Divergence(RD+) between two Consecutive Valleys.
â In addition, USDT.D% has managed to form a standard Rounding Bottom Pattern, which can be a sign of the end of the downward trend of USDT.D%.
ðWhat is the Rounding Bottom Patternâïļâ
ðļThe Rounding Bottom Pattern is a Reversal Pattern. It is also referred to as a saucer bottom pattern. It is a trend reversal pattern used in technical analysis to identify the end of a downward trend and the gradual price shift from a bearish to a bullish trend.
ðI expect USDT.D% to be bullish in the coming hours and at least rise to the ðīResistance zone(5.50%-5.43%)ðī, which could cause the cryptocurrency market to a correction.
Market Cap USDT Dominance% Analyze (USDT.D%), 1-hour time frame â°.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the â ' like'â button ðð & Share it with your friends; thanks, and Trade safe.
ð Free Real VIP Forex and Crypto Signals. Please visit:
ð t.me/ProTrader_365
ð t.me/ProTrader_365
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ð Free Real VIP Forex and Crypto Signals. Please visit:
ð t.me/ProTrader_365
ð t.me/ProTrader_365
āļāļģāļāļģāļāļąāļāļŠāļīāļāļāļīāđāļāļ§āļēāļĄāļĢāļąāļāļāļīāļāļāļāļ
āļāđāļāļĄāļđāļĨāđāļĨāļ°āļāļāļāļ§āļēāļĄāđāļĄāđāđāļāđāļĄāļĩāļ§āļąāļāļāļļāļāļĢāļ°āļŠāļāļāđāđāļāļ·āđāļāļāđāļāđāļŦāđāđāļāļīāļāļāļīāļāļāļĢāļĢāļĄāļāļēāļāļāļēāļĢāđāļāļīāļ, āļāļēāļĢāļĨāļāļāļļāļ, āļāļēāļĢāļāļ·āđāļāļāļēāļĒ, āļāđāļāđāļŠāļāļāđāļāļ° āļŦāļĢāļ·āļāļāļģāđāļāļ°āļāļģāļāļĢāļ°āđāļ āļāļāļ·āđāļ āđ āļāļĩāđāđāļŦāđāļŦāļĢāļ·āļāļĢāļąāļāļĢāļāļāđāļāļĒ TradingView āļāđāļēāļāđāļāļīāđāļĄāđāļāļīāļĄāđāļ āļāđāļāļāļģāļŦāļāļāļāļēāļĢāđāļāđāļāļēāļ