- USDT D is currently trading at 4.64% and looks bearish from a Market Structure Shift
- USDT D can now soon move towards 4.88% and purge that to trap late longs and that should be the last bounce before we drop to 3.7%
- Another case is if we don't see USDT getting rejected badly from 4.88% then we might see another structure shift which will be Bullish and then we might soon see USDT heading towards 5.25%
- From a structure perspective I like how the setup is building in USDT D from a Bullish Perspective for the overall market
- USDT D dropping to 3.7 will help in a good recovery when it comes to Alts
- From an entry perspective watch out for 4.79-4.88% 5.15-.5.25% in Spot
- USDT D can now soon move towards 4.88% and purge that to trap late longs and that should be the last bounce before we drop to 3.7%
- Another case is if we don't see USDT getting rejected badly from 4.88% then we might see another structure shift which will be Bullish and then we might soon see USDT heading towards 5.25%
- From a structure perspective I like how the setup is building in USDT D from a Bullish Perspective for the overall market
- USDT D dropping to 3.7 will help in a good recovery when it comes to Alts
- From an entry perspective watch out for 4.79-4.88% 5.15-.5.25% in Spot
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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.