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Forwarded from Erika Purdy-partrick
Forwarded from Erika Purdy-partrick
Crypto Box Shilling - Memecoin
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#USDT DOMINANCE ANALYSIS

USDT Dominance has broken down from the symmetrical triangle pattern with strong volume, signaling increasing bearish pressure.

The Ichimoku cloud is acting as a key resistance barrier, while price has broken down below the horizontal demand zone, which is now acting as a supply zone.

This breakdown signals increasing bearish pressure and could lead to further correction.

Keep a close eye on the upcoming price action for confirmation.

It’s important to note that USDT Dominance often exhibits an inverse correlation with the broader cryptocurrency market.
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πŸͺ™ TMX/USDT

(Long)
Cross (20X)

Entry Targets:
0.1369

🎯 TP:
1) 0.13827
2) 0.13964
3) 0.14101
4) 0.14238
5) 0.14375
6) 0.14511
7) To the moon πŸŒ–

⛔️ SL:
0.12321
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πŸͺ™ SAND/USDT

(Long)
Cross (50X)

Entry Targets:
0.04113

🎯 TP:
1) 0.04154
2) 0.04195
3) 0.04236
4) 0.04278
5) 0.04319
6) 0.04360
7) To the moon πŸŒ–

⛔️ SL:
0.03702
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#BTC/USDT ANALYSIS

Bitcoin is facing rejection from the previous high and the resistance trendline of the rising wedge pattern.

The 21MA is acting as a resistance barrier, while the Ichimoku cloud is providing strong support below the current price action.

A breakout above the wedge resistance would invalidate the formation, while a breakdown below the wedge support could trigger further downside.
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