USDT.D New Update (8H)Read the text carefully
It seems that Tether dominance is completing a Diametric pattern instead of an Expanding Triangle. This is because if it were an Expanding Triangle, the movement following wave E should not have occurred with such speed and strength
Currently, we can expect an upward movement from the green zone
Let's see if wave G is normal or truncated. If it is normal, it can move upward to the yellow zone but
If wave G becomes truncated, it may not create a significant high
Overall, the structure of Tether dominance appears bearish in larger timeframes
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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(( Everything is progressing as per the last analysis sent to you, I have updated the areas and path for you. be profitable. ))
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USDT/USD Hidden Bearish Divergence Deathcross SetupUSDT, the so-called stable coin, is now below the Bullish Control Zone on the RSI and is showing MACD Hidden Bearish Divergence on multiple Intraday Timeframes at this level after failing to take back the 55 and 89 EMAs. If this goes as any other chart normally would, I would expect it to go back down to the lows of the range, which in this case would take us down to around 94 cents, but I wouldn't be surprised if it went lower.