USDT.D (Full Chart Analysis-Long-Term)Hello Friends.
How are you? Hope you always be happy and successful
Today I want to talk about USDT.D
in another words, I want to talk about the dominance of Tether.
the situation is complicated.
I want to check this item based on Ichimoku, channel line, and classic pattern. so, let's go into details.
based on Ichimoku, the future cloud is getting green(positive)
Tenkensen is above Kijunsen and it's a sign to prove us the chart is bullish.
based on the Classic pattern, we have an Ascending Triangle. As you know it's a continuation pattern. and I expect this trend to continue.
if dominance succeeds in breaking 8.21% and then 8.51%, the next target will be 9.45%.
that's a border of a huge dropping in altcoins.
if dominance is able to stabilize above 9.45%, everything will be changed and the main target of this movement will be 15%
it means that you will see a lower low in all markets.
And you should expect it to drop more than you think.
it's my favorite theory. I think it will happen soon.
let me check based on the channel line in the weekly time frame.
As you can see, we are moving in an ascending channel.
we had three hits at the top of the channel and four hits at the bottom of the channel.
it means that this channel is validated.
at this time we are moving around the midline. This move to the top of the channel is expected to be around 15%.
If these three conditions occur, everything will be changed. and you can buy for example Bitcoin for around 9800-11500 USD for the first level. and maybe cheaper.
sounds great.
who doesn't like it?
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Sincerely Yours
Ho3ein.mnD
