Cyclical Fibonacci Moves Past, Present and maybe Future
The positive slope trend line that USDT.D has mostly always held has broken. It is also useful to view the USDT.D chart through the lens of horizontal support and resistance.
Last cycle there were seasonal moves by USDT.D that spanned 2 fibonacci intervals, before going for all time highs at the end of the crypto market cycle. In the current cycle the pattern has been repeated, albeit with less time spent at the lower end of the range.
Last cycle there were seasonal moves by USDT.D that spanned 2 fibonacci intervals, before going for all time highs at the end of the crypto market cycle. In the current cycle the pattern has been repeated, albeit with less time spent at the lower end of the range.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.