TradingView
tradertez
Apr 6, 2023 1:46 AM

Video Follow Up to USDT.D Cup and Handle Idea 

Market Cap USDT Dominance, %CRYPTOCAP

Description

CRYPTOCAP:USDT.D

USDT.D Has given a bounce off of support [ 6.80 / bottom of cup and handle pattern / .786 Fib Level]

Next we are looking for a breakout or rejection of the 21 Moving Average of the 4hr timeframe.

If we get a rejection, could give a good entry point to LONG crypto, further confirmation is a breakdown of support of the 6.80 Level

If we get a breakout and retest of 4HR 21 Moving Average we are looking to test resistance levels of 7.04 - 7.10 again


Personal thoughts: Looking for resistance level of 7.04/7.10 level to hold mainly because I don't like trading against the full moon approaching on April 6th.
Full moon can be bullish for markets.

Will set alerts at 7.04, 7.10 and 6.80 and the 21 Moving Average on the 4HR timeframe. Those are the major points I am keeping in mind.

More