USDT DOMINANCE is close to a strong support level
Updated
This analysis is an update of the analysis you see in the "Related publications" section
First of all you should know that "USDT Dominance" is always moving inverse of BTCUSDT .
It seems that Tether Dominance has entered a large C wave.
If we reduce the time frame and want to analyze the movements of Tether (USDT) dominance more precisely, It seems that the asset is forming either a diametric or a triangle pattern.
In this scenario, we are focusing on the diametric pattern. From the green zone, the price could create an upward correction.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
First of all you should know that "USDT Dominance" is always moving inverse of BTCUSDT .
It seems that Tether Dominance has entered a large C wave.
If we reduce the time frame and want to analyze the movements of Tether (USDT) dominance more precisely, It seems that the asset is forming either a diametric or a triangle pattern.
In this scenario, we are focusing on the diametric pattern. From the green zone, the price could create an upward correction.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Trade active
Still Valid
Note
It was noted that Tether dominance is forming a reversal pattern to the upside.
Altcoins are likely to maintain their recent lows or may still have a 4-7% margin to the bottom.
🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
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.