The last time I posted this was when USDT Dominance chart touched the green trendline on the chart and bounced off the red trendline on the RSI.
Will this happen again causing another flash dump or will the bullish scenario I posted in last analysis (see below chart link) come to fruition?
As you can see the blue trendline on chart at 91790usd is major support.
The RSI pink trendline on left chart shows it is at resistance right now.
What just happened was a failed attempt to close a possible head and shoulders pattern, trapping shorts under the support causing this short squeeze in play right now. The question is whether the pump will continue or will it go back down. The USDT.D chart will tell us.
Hit the like idea rocket button if you like the idea and analysis.
Will this happen again causing another flash dump or will the bullish scenario I posted in last analysis (see below chart link) come to fruition?
As you can see the blue trendline on chart at 91790usd is major support.
The RSI pink trendline on left chart shows it is at resistance right now.
What just happened was a failed attempt to close a possible head and shoulders pattern, trapping shorts under the support causing this short squeeze in play right now. The question is whether the pump will continue or will it go back down. The USDT.D chart will tell us.
Hit the like idea rocket button if you like the idea and analysis.
Follow me on Youtube, X and in Discord server for more updates more frequently.
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Follow me on Youtube, X and in Discord server for more updates more frequently.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.