Both USDT and BTC graphs show independant moves, slightly influenced by BTC's movements, but merely resistant.
All this looks bullish, as we had an important break through a previous 200EMA and important resistance levels of 0.3 and 0.5 usd, which opens the path for major possibilities. Major resistance is the 1.0 USD level.
clear pattern on the USDT chart: ABCDE retracement, rejection at the 38.2%, completing and short revisiting of 50% and 61.8%, and a pennant forming.
If this pennant follows the overhead resistance of the 38.2%, a breakout is imminent, though time is limited.
A rejection of this level would certainly lead to a drop to the 78.6% fibonacci retracement, a short visit and bounce is possible for a continuation, but time is the biggest factor I assume.
Both USDT and BTC charts show similar patterns as I said previously, and are lined up quite nicely, hovering between 61.8 and 38.2 level, so Monday will be an important day for the protraders and instiutions (if they're mostly in already) to push this up.
Volume is exceeding BTC's expectations, and looks like the crowd is overtaking with serious interest.
A break through the 0.61 level will lead to a breakthrough of the 0.8 or possibily the 1.0 usd.
If not, this will break down to earlier support.
Watch and see.
All this looks bullish, as we had an important break through a previous 200EMA and important resistance levels of 0.3 and 0.5 usd, which opens the path for major possibilities. Major resistance is the 1.0 USD level.
clear pattern on the USDT chart: ABCDE retracement, rejection at the 38.2%, completing and short revisiting of 50% and 61.8%, and a pennant forming.
If this pennant follows the overhead resistance of the 38.2%, a breakout is imminent, though time is limited.
A rejection of this level would certainly lead to a drop to the 78.6% fibonacci retracement, a short visit and bounce is possible for a continuation, but time is the biggest factor I assume.
Both USDT and BTC charts show similar patterns as I said previously, and are lined up quite nicely, hovering between 61.8 and 38.2 level, so Monday will be an important day for the protraders and instiutions (if they're mostly in already) to push this up.
Volume is exceeding BTC's expectations, and looks like the crowd is overtaking with serious interest.
A break through the 0.61 level will lead to a breakthrough of the 0.8 or possibily the 1.0 usd.
If not, this will break down to earlier support.
Watch and see.