#USDC.DOMINANCE 2HR CHART UPDATE !!Hello, community members welcome to another USDC DOMINANCE chart update.
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As we can see from the above-mentioned chart that USDC DOMINANCE is currently on a path to print a HEAD & SHOULDER pattern.
A break below the neckline will be great for BTC and ALT coins, break below will be the trigger point for the whole market to rally upside.
Let’s see how USDC reacts at the neckline level.
Bounce from that level will form red candles in ALTS.
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.
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.
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.