USDT.D trade ideas
My key levels This trading chart is designed to provide clear visual indicators for optimal buying and selling points within the market. The chart includes several key elements that assist traders in making informed decisions:
Support Levels: Marked by green horizontal lines, these levels indicate price points where the asset historically finds buying interest, suggesting potential entry points for long positions. These levels are typically where the price tends to bounce back up after a decline.
Resistance Levels: Denoted by red horizontal lines, these levels highlight price points where selling interest has previously emerged, suggesting potential exit points for long positions or entry points for short positions. The price tends to fall after hitting these levels.
Moving Averages: Illustrated as smooth lines, these averages (e.g., 50-day and 200-day moving averages) help identify the overall trend direction. Crossovers of these averages can signal potential buy or sell opportunities.
Trend Lines: Diagonal lines that connect successive highs or lows, showing the direction and strength of the market trend. A break above or below these lines can indicate a significant shift in market sentiment.
Volume Indicators: Bars at the bottom of the chart showing the trading volume, providing insight into the strength of a price movement. Higher volume often confirms the validity of a breakout or breakdown at key levels.
Candlestick Patterns: The chart uses candlestick representations to show the open, high, low, and close prices for each time period, providing detailed insights into market sentiment and potential reversals.
USDT.D% will ⚔️Attack⚔️ to Support zone again💡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.
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USDT Dominance Update.Time Frame: Weekly.
The USDT.D is currently rejecting the 5.2% resistance. This rejection has pushed the BTC price up to $67k.
The continuation of this rejection will likely help BTC and other altcoins to rally higher. It would be a 22% drop from the current level to the lower support, providing ample room for BTC and altcoins to breathe.
From a negative perspective, if the dominance breaks above the resistance, be prepared for a potential crash.
For now, this rejection looks positive for the market.
Happy weekend.
Do your own research.
Regards, Team Dexter.
Tether Dominion Bearish Flag Pattern Appears! "USDT.D"Hello, Friends!
Good to see you. Are you all having a good day?
Tether Dominance is on a long berish.
The current wave shows the bearish flag pattern.
If it breaks down the bottom of the Flag, it will go down to the target value.
It's important!
When tether Dominance falls, the BTC and ALT rise.
When Tether Dominance rises, the BTC and ALT fall.
USDT.DOMINANCE CHART UPDATE !!USDT DOMINANCE ANALYSIS
USDT.D is descending following a retest below the rising wedge. It's also breaking through the MA 50, with a candle close below it confirming a bearish sentiment. Notably, a bearish USDTD trend often indicates bullish momentum for the broader crypto market due to their inverse relationship.
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