USDT Dominance - Short-Term Analysis (1H)

6 Feb

In lower and smaller timeframes, it appears that USDT dominance has entered a correction. This correction started from the point where we placed the red arrow on the chart.

It seems that the candles are currently in wave B.

A bearish wave C is expected, which could push the candles toward the TP levels.

The closure of a 4-hour candle above the invalidation level will invalidate this analysis.

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7 Feb

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It was rejected by about 2% from the previous supply zone, but instead of a triangle or a diametric, it seems we have a symmetrical pattern. We will update this index in the next analysis.