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?
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✅ Join our Telegram channel to succeed in crypto trading.
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。