#USDT Dominance is at resistance...But Don't buy now...
Güncellendi
Welcome to this short update on USDT Dominance.
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*9 Years in Trading!
*7 years in Crypto
*Certified Technical Analyst
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*Very Active Community during both bull and Bear Market
Let's get to the chart!
USDT Dominance broke below the Ascending triangular pattern.
The current PA looks like a retest to me.
A rejection is likely around the 4.34% level.
Also hitting the upper BB line.
Rejection around the 4.34% level will be the best time to load ALTS on spot IMO.
Invalidation:-
Any break and close inside the channel will invalidate this chart.
To be precise, closing above and maintaining the 4.34%+ level would ruin this rally.
Let me know what you think in the comment section.
If you find it helpful, do not forget to hit the like button.
Thank you
#PEACE
Reasons to Follow me?
*9 Years in Trading!
*7 years in Crypto
*Certified Technical Analyst
*Record Holder of Most liked Bitcoin Chart on Tradingview.
*Consistent updates on Markets and Trade Setups
*No Bias
*All-time Top Author on various assets and index charts globally.
*Very Active Community during both bull and Bear Market
Let's get to the chart!
USDT Dominance broke below the Ascending triangular pattern.
The current PA looks like a retest to me.
A rejection is likely around the 4.34% level.
Also hitting the upper BB line.
Rejection around the 4.34% level will be the best time to load ALTS on spot IMO.
Invalidation:-
Any break and close inside the channel will invalidate this chart.
To be precise, closing above and maintaining the 4.34%+ level would ruin this rally.
Let me know what you think in the comment section.
If you find it helpful, do not forget to hit the like button.
Thank you
#PEACE
İşlem aktif
NOTE:- I am not an expert in Elliot, I just tried it out...I could be wrong and would love to learn from you.
So do your own research before taking any trade based on my charts.
Thank you
Not
Two possible scenarios in the short term have been shown in this chart.Pay attention if you are scalping...
Not
It broke above the 4.40% level and unfortunately this chart is invalidated.
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