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Usdcdominance

#USDC.DOMINANCE PRINTING BEARISH DIVERGENCE IN DAILY CHART !!Hello, community members welcome to another BTC/USDT chart update. If you find this update helpful, shoot the like button follow and share your views in the comment section. As we can see from the above-mentioned chart that USDC DOMINANCE is currently printing a bearish divergence and it can move down from here. The candle close above will be harsh for bull traders in USDT pair coins. Let’s hope for the best and see how the market performs in the upcoming hours. NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR RESEARCH BEFORE MAKING ANY TRADES. Thank you.
CRYPTOCAP:USDC.D
by Domino_Crypto
USDC DOMINANCE: THE STABLECOIN WE SHOULD ALL BE AWARE OF.Welcome my fellow traders. This will be my first-ever analysis of USDC.D and I hope it will be helpful to all. I have been observing this stablecoin dominance closely for the last few days and it is quite interesting to see how the USDC.D is playing off against bitcoin and other altcoins. By the way, USDT and USDC are two different stablecoins. Both USDT and USDC are popular stablecoins, and both are fixed to the USD. However, the USDT is the most traded cryptocurrency and is slightly more widely available than USDC, while USDC has a lower trading volume, and it is considered to be a safer store of value since it's backed by cash and cash equivalents. Coming back to the chart, The USDC.D is currently at the resistance of 4.43% after forming a symmetrical triangle in 6 hours timeframe. According to the pattern, there is a possibility that the USDC.D will break out. If that will be the case then we better be prepared for BTC and other altcoins to drop. On the other hand, if the USDC.D follows the past by getting rejected from the resistance trendline then we can expect the USDC.D to drop up to 4.17% which means a room for BTC and other altcoins to rally a bit more. Also, if you observe the RSI then the momentum and the volume in RSI are decreasing. We are close to the weekends once again and it will be crucial to see how it will close but before that, it is important to see how this 6 hours candle will close. We still have 5 hours in our hands so better wait and observe. I will update you more on this in the coming days. So be prepared. If you like this idea then do raise a thumbs up and follow. Thank you.
CRYPTOCAP:USDC.DShort
by Dexter_The_Trader
2
USDCD looking bearish USDC.D 1W/2D Charts USDC dominance continuing to look bearish here as I mentioned back in early Feb. Rejecting from the previous high and failed to put in a HH and close above it. Weekly close looks daily bearish with a bearish shooting star reversal candle. Market structure has changed failing to put in a HH with price struggling to maintain the uptrend. Bearish momentum starting with bigger sell candles printing. RSI is bearish having lost the MA on 2D chart which on the last 3 occasions has started the downtrend in USDC.D and uptrends within the market for BTC and altcoins as shown by the black arrows and callouts. Also showing bearish divergence on the RSi and weekly MACD starting to converge. Looking good here for USDC.D as well showing the dynamics shifting and money flow exiting stables and into the market. Id still be cautious given the macro economic POV but the TA looks great here. As I’ve been saying, coins have been in weekly lows and demand zones and good for DCA buys which I’ve been doing on some coins.
CRYPTOCAP:USDC.DShort
by marshyyy