USDT Dominance Breakdown: 20% Potential Drop

Dec 28, 2023

The breakdown from the descending triangle pattern is indicative of a potential shift in market dynamics. Currently, the dominance is aligning with the established pattern, suggesting a continuation of this trend.

From a technical standpoint, the observed breakdown implies a possible decrease of approximately 20% from the current position. This projection is based on the historical performance of the descending triangle pattern and the associated technical analysis.

Investors and market participants are advised to stay tuned for further updates as the situation unfolds. Monitoring the ongoing developments in USDT dominance will provide valuable insights into the broader cryptocurrency market trends and potential trading opportunities. It's essential to remain vigilant and adapt strategies accordingly in response to market dynamics.

Stay tuned for further updates; I will continue to provide information as the situation develops.

Jan 4, 2024

Note

USDT DOMINANCE is facing this upper teandline as a resistance expecting some good rejection then we will see some good bounce on ATS.
The chert will be invalid if any candle closes above the upper resistance.
#Crypto #dominance