USDT Dominance Weekly Chart Analysis !!The chart shows USDTDominance in the Ukrainian market for several years, indicating distinct trends and patterns.
Trend Line Support:
A visible upward significant line has been established since 2021. This suggests a fundamental base level from which USDT dominance has historically bounced back.
Heads & Shoulders Pattern:
The chart item includes the Heads & Shoulders number, indicating a bearish reversal pattern. This means the upward momentum may slow down, and a downward shift may occur.
Current Dominance Level:
The current level of around 4.53% is significant. A break below this level and a decline may occur, possibly targeting the projected supported area around 2.00% in the long term.
Take a look at the support and resistance separation on the chart. The interaction between Trend Travelers and Heads & Shoulders Trend Travelers will be important in predicting the future of USDT dominance. Anticipating a downward movement may be prudent,
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