market scenario often arising due to local economic conditions, regulations, and demand-supply dynamics specific to Turkey. Here's a detailed description of this scenario:
1. Understanding USDT (Tether)
Definition: USDT is a stablecoin, typically pegged to the US Dollar, implying that it ideally maintains a 1:1 value ratio with USD.
Role in Trading: It's widely...
My forecast for USDT - TRY For the next hours:
Strong move to 14 level,
followed by retracement to 13 level,
then upward continuation to 15.5 level before any move to the downside.
USDTRY pair is going to be bullish because its moving average of 10 crosses up the moving average of 20. It's a good time to buy and book the profit and exit the market on 25% profit
The usd/try parity has also experienced a great decrease in the past days and has gone down to 11 levels, now it is in a strong upward trend, if it sees its old levels again, it will complete the bowl formation and will be able to advance the target by 25.
Dolar s upline in the tren line. This s chanel low and up throuht to general tren line but also broken up to trendline chanel. we will expect to fib revise
I think it's a triangle pattern ,
I expect a move up to the leftmost yellow bar when triangle break up or down.
We have to follow the up or down break of the triangle.
