USDT Dominance: 11% drop Incoming!USDT Dominance Update
USDT.D is likely to drop 11% from its current level. On the daily timeframe, USDT.D has formed a bearish flag pattern and has already been rejected from the resistance trendline.
If USDT.D drops as expected, be ready for some greens in the market.
However, if dominance makes a pump, the resistance trendline could still hold the price.
Note: Trade with a proper stop-loss and use low leverage to stay on the safer side.
Make sure you do your own research and analysis before investing.
Trade safely.
Regards,
Team Dexter.
#USDT #Tether #cryptocurrency
Usdtdominance
USDT Dominance (USDT.D) Short Update. USDT dominance is currently trading within a symmetrical triangle formation. The price has been recently rejected at the Ichimoku Cloud resistance level, leading to a slight pullback. However, the 200-day moving average (200MA) remains a key support level beneath the current price, suggesting the potential for a bounce if the price reaches this area.
If USDTD breaks below the 200MA, this could indicate a decline in dominance, which may lead to an upward movement in the broader cryptocurrency market. Traders should keep a close eye on these technical levels to anticipate a possible breakout or breakdown, which could provide insight into the next significant market move.
Stay vigilant and adjust your strategies according to these key technical indicators.
Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
USDT.DOMINANCE 1DAY CHART UPDATE !!USDT dominance is currently holding above the critical support level of 5.20%. A bounce from this level could lead to a retest of the 6.00% resistance, with a potential breakout targeting 7.00%. Conversely, a break below 5.20% might lead to a decline towards 4.56%. Traders should watch volume and RSI signals to gauge market sentiment and potential reversal points.
Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
USDT Dominance Chart Update !!USDT Dominance Chart Update
USDT dominance has broken above the descending trendline.
The current level of 5.84% shows a slight pullback after reaching around 6.70%.
Immediate support is around 5.50%.
Long-term support is significantly lower at 4.56%.
The immediate resistance level is at 6.70%, which was recently tested.
Higher resistance is around 8.50%, which has not been seen since late 2022.
If USDT dominance can stay above the 5.50% support level and break the 6.70% resistance, it could target higher levels around 8.50%.
A break below 5.50% could lead to a decline towards long-term support at 4.56%.
Keep an eye on changes in volume to confirm the strength of the move.
Monitor the RSI for potential overbought or oversold conditions to identify reversal points.
USDT dominance is currently in a critical range. Traders should keep an eye out for a break above 6.70% for bullish continuation or a drop below 5.50% for further bearish action. The 5.50% and 4.56% levels are key support areas, while 6.70% and 8.50% are important resistance areas to keep an eye on.
Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
USDT Dominance analysisTether's dominance is near a resistance range that was the origin of a strong drop. In that range, we expect the reaction and the downward trend of the candles.
The targets are marked on the chart
Closing a daily candle above the invalidation level will violate the analysis.
Note that the financial market is risky, so:
Do not enter a position without setting a stop and capital management and confirmation and trigger.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
Dominance Tether is near a supply rangeFrom where we placed the green arrow on the chart, it looks like a diametric diamond is formed on the chart.
Now it seems that we are in the last wave of this diametric (wave G). It is expected that this wave will end soon and we will see a drop for Dominance Tether.
Closing a daily candle above the invalidatio level will violate the analysis.
invalidation level : 6.47
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
#Usdt Dom 4h chart; We are now in the calm before the storm.#Usdt Dom 4h chart;
It continues to move in the trend channel.
We already know that the region where it reaches the lower trend line is the critical level.
It started its upward movement with the reaction it received from here.
Now it made a double top on the 4h chart, making it work as resistance.
However, the point to be noted here is that the mismatch on the RSI side tells us that the direction will be up.
Therefore, it will continue its upward movement after some retracement. I personally do not expect the pullback here to be up to the trend line.
So how will this reflect on the market?
The negative process on the Bitcoin side will recover a little bit, maybe it may turn positive, but then I think it will continue to decline.
The main area I expect is the end of this trend contraction. We are now in the calm before the storm.
GROKUSDT SETUP: GO FOR LONG as a EASY RETURNHello Folks !!
Welcome to the quick update of GROKUSDT. As of now, we can see it is trading around 0,00765 and currently at the immediate resistance. If it breaks this resistance, we can easily see a target of 25-20% in the short run and it can reach a price of $0.029 in the long run i.e. within the next 6 months.
We can take a trade with the below details:
Entry: 0.006510 to 0.007561
Short term Target: 0.01120 to 0.01981
STOPLOSS: 0.00611
Until then, stay tuned and trade with caution, ensuring strict STOPLOSSES!!
This is not financial advice, please do your research before investing, as we are not responsible for any of your losses or profits.
Please like, share, and comment on this idea if you liked it.
#Usdt Dom 1D chart - What's next step for #Bitcoin?#Usdt Dom 1D chart;
Of course, it was no coincidence that the first scenario from the critical zone I mentioned earlier was realized
Because the continued uncertainties and bearish signals on the #Bitcoin side also helped determine the direction of this chart.
With the trend compression, we may see an upward movement. A rise up to around 6% would not be a surprise. Likewise, we can say that it also supports that the bearish levels we have determined on the Bitcoin side may be possible.
THIS IS NOT LOOKING GOOD!Watch out, guys!
The USDT dominance is bouncing back as expected. This rebound is not looking good for the market.
We can already see the impact on BTC and other altcoins. The 200 EMA in yellow is an initial resistance to the dominance, and it must hold to prevent a further rally.
The RSI indicates a bullish divergence, which is yet another confirmation of a higher rally.
Staying away from leverage trading will be a better option for now.
Trade safely.
Regards,
Team Dexter.
USDT DOMINANCE: DO NOT SKIP THIS UPDATE!The USDT Dominance indicates something important; if you are a trader, you must look at this.
In this 12-hour chart, the USDT.D has been in a downtrend since early July. It has yet to test the support level ranging between 4.58% to 4.64%.
If the dominance reaches down to the support level, we are likely to see BTC hitting $70k and a decent rally in altcoins.
Here's the scary part: if the USDT.D rebounds from anywhere close to the support level, be prepared for a heavy crash.
I am hoping for a further breakdown rather than a rebound, but time will tell. For now, let's aim for a continuous downtrend toward 4.58%.
I hope this helps. Not financial advice.
Trade safely.
Team Dexter.
#USDT #BTC #Crypto
Can you spot the difference? Here are two different charts on display:
- The BTC chart (Hourly)
- The USDT Dominance inverted chart (Hourly)
These two charts move in parallel to each other, making it convenient to spot where the price is heading next.
For example, if the USDT.D makes a bullish move, BTC turns bearish and vice versa.
These two charts can never move in the same direction because one determines the price of BTC and the other the dominance of USDT in the market. If the dominance of USDT increases in the market, it technically means that traders are shifting to USDT instead of BTC or other altcoins.
Note: Do not get confused between the USDT Dominance chart and the USDT Dominance inverted chart. Both are the same chart and denote equal value.
This content is for educational purposes only.
Thank you for reading.
Regards,
Team Dexter
#BTC #USDTDominance
Multi year channel brokenAnd as you see retested . Levels are 0.618 - 0.75 - 1 for the pitch fork in the logarithmic chart , it can lead to fast ( in longterm scale ) fall for like 50% of dominance. Timing is amazing and can give us a perfect bullrun like 2017 with two highs not only one . Amazing days coming lads dont forget to check out previous one .
Stay safe
USDT.D map for bullrunHey guys , again another Usdt dominance chart and again i hope it works out. There’s a pitch fork that has two key levels I expect a decline from where we are now after a short play . Overall we playing inside a downward channel that you can see in blue and the green is a very long uptrend which I anticipate to break in the next attack. I do expect to reach 2% Q1 or Q2 2025 .
Beneath you see the previous one and successful trade about usdt dominance aswell .
Stay safe fam .
Important USDT Dominance Update!The USDT Dominance is once again reaching out to test the resistance level.
As mentioned, USDT.D must stay below the 5.20% resistance level. A breakout and close above this will invalidate the market's ability to pump. On the other hand, a rejection will give room for the market to breathe.
There are 12 hours left for this daily candle to close, and the next daily candle must be rejected.
Trade safely.
Do your own research before investing.
Regards, Team Dexter.
#USDT
USDT Dominance - When will the ALTseason begin?🌏 A new week, a new month, a new quarter, and even a new half-year start today, what a sacred day - Monday, July 01, 2024!)
And if you look at and believe the USDT Dominance chart, then in the coming days the vector of the crypto market by the end of 2024 may be decided.
1️⃣ Fix above 5.15% will mean the possibility of an increase to 6.30%-6.50%.
And for the altcoins, most of which are already lying below the floor, this could be natural selection and a death sentence.
2️⃣ Move of the USDT.D index towards 4.50% and below can give an alt-season - which many are waiting for, but few believe in it :)
Below the idea, vote on where you think the USDT.D will move in the near future.
And in the comments, write down the alt pairs you are interested in, and we will make new ideas for some of them
USDT DOMINANCE, shifting to the downside after almost 10 years!The market cap USDT dominance can be used to track the overall sentiment in the cryptocurrency market. When the dominance is high, it means that investors are more interested in holding Tether than other cryptocurrencies. This could be a sign that investors are worried about the volatility of the cryptocurrency market and are looking for a more stable investment.
Conversely, when the dominance is low, it means that investors are more interested in holding other cryptocurrencies. This could be a sign that investors are more confident in the future of the cryptocurrency market and are willing to take on more risk.
Based on our long term data metrics, USDT dominance index has shifted to the downside for the first time in almost a decade! This index has been tracked since January 2015, and it's the first time this has down shifted on it's annual trendline.
This major change in structure is already conveying the growth possibilities in the next few years going forward -- more crypto adoption, more wealth allocation for the crypto market and crypto becoming more and more mainstream in the general public in all shapes and forms even in lower tier countries.
This is also an indication of an exponential growth of the market in terms of valuation and growth in the next years ahead.
This chart should already give you an idea of the possibilities ahead.
It also means, that we're lucky to be in this era to have been witnessing this BIG SHIFT.
USDT.D spotted at 4.78%
TAYOR.