USDT Dominance Falls, BTC Rises: What It Means for TradersThe chart highlights the inverse relationship between BTC/USDT and USDT.D (Tether Dominance). When USDT.D drops, capital flows out of stablecoins into Bitcoin, driving BTC’s price higher.
Conversely, a rise in USDT.D signals increased caution, often leading to BTC price declines. This correlation helps traders gauge market sentiment and identify potential trend shifts.
COMPETITVEADVANTAGE
#COMP/USDT#COMP
The price has been moving in a descending triangle since April 2022
Take a price and respect the support at 35 $
The price is now at the upper border of the channel
The price is expected to break the downtrend
At the first price of 56 $
First goal 109 $
Second goal 167 $
With an oversold presence on the MACD
The price will be paid after breaking the moving average of 100
✅Thank you, for more ideas, hit 🚀 Like ❤️ and Follow🤝 🛎!
COMP/USDT LONG TRADE SETUP 6HOUR UPDATE !!hello, members welcome to COMP /USDT 6Hr chart update by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome in this chart.
As we can see from the above-mentioned chart the COMP /USDT broke the inverse head and shoulder pattern and retested the green zone now, at the current scenario we are expecting that COMP will go up all the way to $48.58 means almost 160%.
So if it moves to the green zone again then it will be the zone to go long on COMP/USDT
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.