#USDT DOMINANCE ANALYSIS
It is consolidating in a rectangular chart pattern and currently trading below the mid marked, point of control resistance. It is holding above EMA200 support. MACD crossover is showing neutral signs.
If it breakdown the horizontal support then that would be a bullish sign and vice versa because it works inversely proportional to the crypto market.
It is consolidating in a rectangular chart pattern and currently trading below the mid marked, point of control resistance. It is holding above EMA200 support. MACD crossover is showing neutral signs.
If it breakdown the horizontal support then that would be a bullish sign and vice versa because it works inversely proportional to the crypto market.
#USDT DOMINANCE ANALYSIS
After the detection of bearish divergence, it broke trendline which was acting as support, whereas previously it was making higher highs & higher lows.
Currently we need a move below higher low, which would be also an indication of change of trend from trending highs to trending lows and that would somehow prove to be a bullish sign or indication because drop in USDT.D means the money is flowing into ALTS and BTC.
After the detection of bearish divergence, it broke trendline which was acting as support, whereas previously it was making higher highs & higher lows.
Currently we need a move below higher low, which would be also an indication of change of trend from trending highs to trending lows and that would somehow prove to be a bullish sign or indication because drop in USDT.D means the money is flowing into ALTS and BTC.
#USDT DOMINANCE ANALYSIS
USDT.D is moving in a descending triangle. Currently, it is facing trendline resistance. MACD crossover is losing bullish momentum. RSI is in the overbought region.
All these confluences are showing that there are high chances of rejection. A rejection from here will confirm a bearish move in USDT.D. That would be a bullish sign for the crypto market as they work inversely proportional to each other.
USDT.D is moving in a descending triangle. Currently, it is facing trendline resistance. MACD crossover is losing bullish momentum. RSI is in the overbought region.
All these confluences are showing that there are high chances of rejection. A rejection from here will confirm a bearish move in USDT.D. That would be a bullish sign for the crypto market as they work inversely proportional to each other.
Forwarded from VIP News - Rich Traders 🤑💰
#USDT DOMINANCE ANALYSIS
USDT.D is currently forming a rising wedge pattern and appears to be approaching the support trendline. The Ichimoku cloud is acting as a support below the current price action.
A sustained breakdown of the rising wedge and Ichimoku cloud would confirm a bearish trend, whereas a bounce from the support trendline would indicate further consolidation within the wedge pattern. It's important to note that USDT.D tends to move inversely to the crypto market.
USDT.D is currently forming a rising wedge pattern and appears to be approaching the support trendline. The Ichimoku cloud is acting as a support below the current price action.
A sustained breakdown of the rising wedge and Ichimoku cloud would confirm a bearish trend, whereas a bounce from the support trendline would indicate further consolidation within the wedge pattern. It's important to note that USDT.D tends to move inversely to the crypto market.
Forwarded from VIP News - Rich Traders 🤑💰
#USDT DOMINANCE ANALYSIS
USDT.D is trading within a symmetrical triangle on the weekly timeframe. It is currently facing rejection from both the Ichimoku cloud and the triangle's resistance trendline. The Ichimoku cloud acts as a resistance barrier above the price action, indicating bearish momentum.
A breakdown of the pattern would signal a bearish trend. It's important to note that USDT.D typically moves inversely to the broader crypto market.
USDT.D is trading within a symmetrical triangle on the weekly timeframe. It is currently facing rejection from both the Ichimoku cloud and the triangle's resistance trendline. The Ichimoku cloud acts as a resistance barrier above the price action, indicating bearish momentum.
A breakdown of the pattern would signal a bearish trend. It's important to note that USDT.D typically moves inversely to the broader crypto market.