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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Kommentera:

The analysis is still valid.

New Update👇

Kommentera:

Running well, I expect USDT.D% will touch the 🟢Support zone(4.72%-4.53%)🟢.

If USDT.D% Can break the 🔴Resistance zone(4.92%-4.87%)🔴, we have to wait to break the resistance line.👇

Trade stängt: målet nått:

Finally, USDT.D% reached the Target as I expected. The next possible scenario should be a rise in USDT.D%, but if the 🟢Support zone(4.72%-4.53%)🟢 is broken, we should expect a possible new ATH in Bitcoin.

Kommentera:

USDT.D% finally started to rise from the 🟢Support zone(4.72%-4.53%)🟢, as I expected, and it seems that the classic Falling Wedge pattern is also visible on the chart.