The rejection of USDT Dominance from the grey area recently contributed to the upward movement, pushing the price to $48k.
To sustain the momentum and reach the FWB:52K - FWB:54K level, the index must break below this channel.
In the event of a breach in the grey level area, FWB:48K could become the local top.
Let's hope we break down!
DYOR, NFA
Do hit...
Let's analyze:
Dominance Update: Even though Altcoins aren't reacting as expected while BTC remains relatively stable, Tether (USDT) is in a tricky spot.
The uncertain situation, often called the "grey area," is holding things together for now to some extent. If the dominance goes above 6%, it could signal a trend reversal.
Keep a close eye on this chart –...
You can see my previous graph (above). There is no good development in Turkey so I think that the dollar will increase more.
Under the rule of Recep Tayyip Erdogan Turkey has descended into a dictatorship. In order for Turkey's dollar rate to improve needs to be changed through elections. It also occurs when the incoming government takes democratic steps.
-...
#USDT Update: Tether has shattered every support, mirroring Bitcoin's breakthrough of resistance. The 5.26% area emerges as a potential next target, hinting at further upside for Bitcoin.
While Bitcoin's chart signals a local top near $40.2k, this breakthrough could spark a rally to $42.8k, a significant long-term support turned resistance level. So, our $40k+...
The dollar pair stabilized against the Turkish lira USD/TRY during today's trading, to trade the Turkish currency at its lowest level ever against the dollar. On the American front, the dollar rose against major currencies after the Federal Reserve's decision last week to raise interest rates, as the dollar received support after a limited decline. At the present...
%19 Interest rate, huge debts, vaccination progress is still very low.
Turkish Central Bank manager kicked out because of interest rates, but we have still a huge interest rate and USD/TRYis still going forward. What Turkey could do? No tourism income for now, no leverage hand for interest anymore.
Unfortunately, TRY will be 10 soon if we close daily above 8.58....
Could the upcoming Turkey election effect how their currency lira performs against western currencies including the USD? Any potential new leader may be able to get the lira to be much stronger then over the last few years. As for today, the USD against the Turkish lira is the only currency which seems to be somewhat strong in the world of Oanda forex. When my...
It's been a while since I tracked the #usdtry pair. You can also find my past reviews below for comparison.
Concerns over
- high inflation,
- high levels of debt
- external financing needs
- geopolitical tensions
- a looser monetary policy stance to support economic growth
- high-level gov. corruption
- pressure on the parity
imo parity will be stabilized around 33-46
All professional crypto market analysts know that before anything else, they should check Tether's Dominance trend, then enter the market and open their position.
Based on my analysis, I announce that Tether's trend will soon be downward and a bull market will begin for crypto.
Usdt Dominance Bullish posibilities in future
usdt ll make higher High in June 2023
btc ll make lower low in june 2023
Usdt Dominance looking very bullish Bullish
Harmonic Crab & Deep Crab
Hello, welcome to this USDT. dominance update by CRYPTO SANDERS.
CHART ANALYSIS:-USDT.D is bouncing from the horizontal support. If it breakout the current resistance level, a further bounce is expected toward the horizontal resistance.
The general pattern is bearish as it is exchanging beneath the Ichimoku cloud. We've to wait for a solid breakdown of the...
Wait a little!!!
In the coming hours, the path of cryptocurrency will be determined.
What is your diagnosis?
Red or blue arrows?
Please like and comment.
I am waiting for your wise look.
We expect more upside before any significant pullback. Our target is 1 fib extension.
RSI remains strong and the price is about to break the previous all time high.
Once the price enters discovery mode, it should pump fast. Don´t try to short it or you will get REKT.
USDT Dominance has broken to the upside.
Bearish retest in BTC.
All aligning to one signal:- Expect more lows.
537 DAYS LEFT FOR THE NEXT BITCOIN HALVING so we still have a lot of time.
Do not FOMO Buy or Sell anything.
Keep it slow and Steady.
Still DYOR, This is not financial advice.
I will keep posting important useful charts for you all.
Follow me if you...
Hey guys, if you guys check my profile from below link,
www.tradingview.com
You guys see I have a lot usdtry analysis and my analysis success rate is 90% on this pair because I live in turkey and I feel every single situation when our turkish lira lose value let me give example.
So right now our president want to lower interest rates but technic analysis say...
