💡One of the important factors for analyzing the cryptocurrency market is the Market Cap USDT Dominance% (USDT.D%) status.
📚What is Market Cap USDT Dominance% (USDT.D%)❗️❓
🔸Market Cap USDT Dominance% (USDT.D%) shows what percentage of the money is on USDT. There are 2 causes of the increase of USDT dominance.
🔸The 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.
🚀If USDT.D% increases, we can expect a correction in the cryptocurrency market.
🏃♂️USDT.D% is currently moving in an important 🟡Potential Reversal Zone(PRZ)🟡.
💡If you look at my chart, when USDT.D% first entered the PRZ, it formed a Falling Wedge Pattern and performed well. USDT.D% seems to have once again succeeded in forming a Falling Wedge Pattern in PRZ (although this time, the pattern seems to be even more standard than the previous one).
🔔I expect USDT.D% to rise to at least the 🔴Resistance zone(4.72%-4.53%)🔴 after breaking the upper line of the falling wedge pattern.
Market Cap USDT Dominance% Analyze (USDT.D%), 4-hour time frame ⏰.
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USDT.D% is likely to start rising again at 78.6%, but it is better to wait for the break of the upper line.
Trade closed: target reached
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USDT.D% was able to break the resistance zone, and it is a sign for more dump.
What is your idea about Market Cap USDT Dominance% (USDT.D%)❗️❓
OG_cRoW
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@pejman_zwin, it is a real possibility, but if it loses 3.75% it will go directly to 2.43% ;)
pejman_zwin
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@OG_cRoW, Thanks for the comment and sharing your idea, yeah I agree with you. but now we can see the reversal pattern, Agree?
OG_cRoW
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@pejman_zwin, i agree about the possibility of a reversal pattern, but at the level of probability for the moment I can see bearish crosses on various indicators on 4H and 1D TF (rsi, stoch rsi & MACD)