Hello Everyone,
Let's take a quick look at USDT.D on the higher TF.
From the chart, it's clear that USDT.D has been trading within this parallel channel for quite long time and has consistently respected the middle line since May 2018. Recently, it broke below this middle line, which led to a significant BTCUSDT rally from the
42K level to an all-time high.
Now, we're seeing a retest of the breakdown area shown in the chart. It’s interesting to consider what might happen if USDT.D falls further after this retest. Currently, the breakdown from the 5.60 support level has turned into a strong resistance.
Here are the key levels to watch:
Resistance Level: 5.60
Support Level 1: 3.65
Support Level 2: 2.51
Happy trading!!
Let's take a quick look at USDT.D on the higher TF.
From the chart, it's clear that USDT.D has been trading within this parallel channel for quite long time and has consistently respected the middle line since May 2018. Recently, it broke below this middle line, which led to a significant BTCUSDT rally from the
42K level to an all-time high.Now, we're seeing a retest of the breakdown area shown in the chart. It’s interesting to consider what might happen if USDT.D falls further after this retest. Currently, the breakdown from the 5.60 support level has turned into a strong resistance.
Here are the key levels to watch:
Resistance Level: 5.60
Support Level 1: 3.65
Support Level 2: 2.51
Happy trading!!
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.