USDT Dominance (USDT.D) has formed a bearish inverted cup and handle pattern, pointing to a big move soon!
The weekly chart of USDT dominance shows a clear bearish inverted cup and handle pattern, with a significant breakdown below the neckline. The projected target suggests a potential 60% decline, which could take the dominance to the 1.6-2% range.
This might indicate a shift in market dynamics, with capital rotating from stablecoins into altcoins or Bitcoin. A key moment to watch for crypto traders.
What’s your take on this? Could this spark an altcoin rally?
The weekly chart of USDT dominance shows a clear bearish inverted cup and handle pattern, with a significant breakdown below the neckline. The projected target suggests a potential 60% decline, which could take the dominance to the 1.6-2% range.
This might indicate a shift in market dynamics, with capital rotating from stablecoins into altcoins or Bitcoin. A key moment to watch for crypto traders.
What’s your take on this? Could this spark an altcoin rally?
Dagangan aktif
Currently, #Dominance is facing this horizontal resistance. In my opinion, we may see a rejection here. However, in the worst case, if Dominance breaks this resistance, we could see a bounce toward the blue resistance level.Stay tuned and follow me for more updates.
DYOR, NFA
#Crypto
Dagangan ditutup: sasaran tercapai
USDT #Dominance is below the descending trendline, with the 200 MA also serving as a strong resistance level. A rejection is expected, but if these resistance levels are broken, it could signal a significant shift for #Altcoins
Stay tuned and follow for more updates.
#Crypto
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Register on Blofin and trade with me: partner.blofin.com/d/Cryptomojo
Free TG Daily Futures Signals: t.me/CRYPTOMOJO_TA
Free TG Daily Futures Signals: t.me/CRYPTOMOJO_TA
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.