💡One of the important factors for analyzing the cryptocurrency market is the Market Cap USDT Dominance% (USDT.D%) status.
💡If USDT.D% falls, we can expect the cryptocurrency market to start rising (not all tokens, of course).
📈From the point of view of Classical Technical Analysis, USDT.D% looks like. It has succeeded in breaking the lower line of the Rising Wedge Pattern.
🌊According to the theory of Elliott waves, USDT.D% has successfully completed the Zigzag(ABC) correction, and we have to wait for the next 5 falling waves.
🔔I expect USDT.D% to at least fall to the 🟢Support zone(4.72%-4.53%)🟢.
Market Cap USDT Dominance% Analyze (USDT.D%), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💡If USDT.D% falls, we can expect the cryptocurrency market to start rising (not all tokens, of course).
📈From the point of view of Classical Technical Analysis, USDT.D% looks like. It has succeeded in breaking the lower line of the Rising Wedge Pattern.
🌊According to the theory of Elliott waves, USDT.D% has successfully completed the Zigzag(ABC) correction, and we have to wait for the next 5 falling waves.
🔔I expect USDT.D% to at least fall to the 🟢Support zone(4.72%-4.53%)🟢.
Market Cap USDT Dominance% Analyze (USDT.D%), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Note
The analysis is still valid.New Update👇
Note
Running well, I expect USDT.D% will touch the 🟢Support zone(4.72%-4.53%)🟢.If USDT.D% Can break the 🔴Resistance zone(4.92%-4.87%)🔴, we have to wait to break the resistance line.👇
Trade closed: target reached
Finally, USDT.D% reached the Target as I expected. The next possible scenario should be a rise in USDT.D%, but if the 🟢Support zone(4.72%-4.53%)🟢 is broken, we should expect a possible new ATH in Bitcoin.
Note
USDT.D% finally started to rise from the 🟢Support zone(4.72%-4.53%)🟢, as I expected, and it seems that the classic Falling Wedge pattern is also visible on the chart.
🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.