USDT DOMINANCE: DESCENDING TRIANGLE.
Hello folks, here's an important update on the USDT dominance in the lower timeframe.
Timeframe: 4 hours.
Update: The USDT dominance is under a descending triangle pattern. As you all know that a descending triangle pattern is usually a bearish pattern but sometimes the trend can reverse and play in the opposite direction. Currently, the USDT.D is holding a support level of 7% and in the past, it has bounced back exactly from this support level. If at all the USDT.D bounces back then I expect it to test the 7.4% resistance level and then reject. On the other hand, rejection is possible from the current level as well. Once the USDT.D breaks down below the support level then we can get some confirmation for the bearish rally.
Key level:
7% Support
7.4% Resistance.
Timeframe: 4 hours.
Update: The USDT dominance is under a descending triangle pattern. As you all know that a descending triangle pattern is usually a bearish pattern but sometimes the trend can reverse and play in the opposite direction. Currently, the USDT.D is holding a support level of 7% and in the past, it has bounced back exactly from this support level. If at all the USDT.D bounces back then I expect it to test the 7.4% resistance level and then reject. On the other hand, rejection is possible from the current level as well. Once the USDT.D breaks down below the support level then we can get some confirmation for the bearish rally.
Key level:
7% Support
7.4% Resistance.
ملاحظة
USDT Dominance is close to the resistance.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.