Tether Dominance Analysis5/14/2022
🟡 USDT DOMINANCE
🕒 Daily TF
➖➖➖➖➖➖➖
USDT dominance is forming a bearish ALT AB=CD pattern, whose potential reversal zones are 1.272 and 1.618 fib extension retracement levels, from where we can see a reversal.
So, a reversal can be expected from the marked two levels, which would confirm a bullish sign for the crypto market, after the reversal because USDT dominance and the crypto market work opposite each other.
✍This Analysis will be updated.
📆5/14/2022
🕒 Daily TF
➖➖➖➖➖➖➖
USDT dominance is forming a bearish ALT AB=CD pattern, whose potential reversal zones are 1.272 and 1.618 fib extension retracement levels, from where we can see a reversal.
So, a reversal can be expected from the marked two levels, which would confirm a bullish sign for the crypto market, after the reversal because USDT dominance and the crypto market work opposite each other.
✍This Analysis will be updated.
📆5/14/2022
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.