Dominance Tether needs to break the ceiling of the 8.20 area for the short position and the current market trend in the short term is very low and risky.
I suggest you wait until Dominance Tether has a high breakout of 8.20 for the short position
ok lets get little complicated in patterns and we only talk patterns today not technical
as u know pattern can be 30% true will chart and 3 pattern back to back! u do the math!!
u can make chart longer and give time to it but u cant change chart porpoise
alright lets talk patterns we have big crown pattern that took us about 1 year, head and shoulders and M...
Few days ago i posted a chart showing a triangle breaks downward , if youre new in the space ok but if you observed crypto charts for a couple of years you know you cant trust shapes fully , in the logaritmic chart ( weekly ) you see we have a great resistance which already hit , volume is decreasing and i anticipate quite a boring play inside triangle and some...
The indicators now shows a downward move so I see the yellow path now and the dxy started to show some bearish signs
Usdt is facing a string resistance at 8.15, so we don't want it to close above 8.15 for 1d
Now the crypto markets is depending 100% in the etf news, let's see what happens next
All the best insha Allah!
USDT.D looks strong. Current correction should end in the next week at level 7.52%
Last week of September will kickstart USDT.D's powerful rise up to 8.36% or even 9.23%.
This rise will be followed by a healthy correction, which will end in mid October.
Both scenarios Fast and Slow agree to show a radical appreciation of USDT starting from 16 October.
Only in mid...
#usdt dominance chart shows a weakness. It will search a dip , the bullish flag bottom is the probable zone to retreat and then the bounce. After the bounce if #usdtd have a breakout, altcoins will have a blood bath.
NOT FINANCIAL ADVICE.
#USDT.D is currently consolidating in the ascending triangle. A solid breakout would be the bullish signal. If #USDT.D moves upward, money flow withdraws from the #crypto market, and #BTC & #altcoins will fall down. #RSI is suited to the overbought regions.
📈 What is a Falling Wedge? The Falling Wedge is a bullish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bullish reversal, with the price likely to break upward after the wedge pattern.
📈 How to Identify:
Draw a trendline connecting at least two...
✅ as we said on September 5, if Tether Dominance index reaches 7.85% from the 8.23% area, it can be a good support area for the return, as the market decided to continue the uptrend from the same area, and it strongly pushed itself to the resistance level.
❗️The previous one reached as shown in the daily chart.
From where the area hit, it is stuck and...
USDT.D is still in play according to my analysis, but today is a big day and you have to keep an eye on the market wuth the FED announcements.
Since our previous analysis, it reached T1. In order to drop more, it has to break this channel and close below it was
There are many strong resistances above it, so it may go up temporarily insha Allah.
All the best...