USDT.D Inverted Chart: Targeting 1.0 Fib Level by Mid-2025

23 Kas 2024

The inverted USDT.D chart has broken out of the white resistance trend and is currently just below the 0.786 Fib level. I believe we will remain below this level during a dip next week, then continue upward after December 4th. Following that, I expect we will grind up the channel until we reach the 1.0 Fib level at 1.56%, just before the 50% dotted lines intersect with the Fib level (around June–August).

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USDT.D revisited the lows on the channel, which also coincided at the cross of the 0.618 and the downward white trendline starting from GB and resting on the latest tops. This is a very harmonic touch, and the wick shows that this was only a necessary place to be before it moves on.

In the coming days, I don't expect too much upside, as the WTO is currently moving in the negative direction, but as this indicator pivots, a breakout of the 1 fib and 25% dotted lines should be possible. Patience.