USDT Dominance is currently at a level of strong longer term trend SUPPORT (i.e. market resistance level).
Red circles represent contact with the current trend support which signals the selling of USDT (i.e. buys in the crypto market), with a current double bottom shown.
Green circles represent the current trend resistance hits and USDT sell-offs (crypto...
$44k is the most important support near. Its breakdown could pull the price around $41k.
The rectangle is drawn on the 1-hour time frame, I expect it to break upwards with a resistance. If so, the next stop will be between $50k and $51k.
Trend Key Points Indicator have been used to draw important key levels and key points.
Here is what stocks we are going to be keeping an eye on this week!
NASDAQ:WDAY
We are looking for a move here over $242 with target levels of $243.50, $246, and $248
NASDAQ:ATVI
Like how we are holding the 200sma just under trend resistance, we are looking for a move here over $92 for a run into earnings with a target of $93, $94, and $95
NASDAQ:NVDA...
Today's analysis – BTC USDT – Forming a probable descending wedge following a strong rejection at trend resistance
Points to consider:
- Macro trend bearish
- Descending wedge pattern
- Below average volume
- RSI neutral
A strong price rejection at trend resistance, forming a lower high on the chart indicates downtrend continuation for BTCUSDT.
Trading...
