USDT DOMINANCE AT CRITICAL TURNING POINT BIG MOVE LOADING!
USDT dominance remains confined within a well-structured descending channel, displaying a clear Wave formation. The recent wave (4) rejection perfectly aligns with the 200-day EMA and the critical 4.89% resistance level, reinforcing a bearish outlook.
The confluence of technical factors suggests wave (5) is in play, with downside targets at 3.71% and an extended move toward 3.10%. The Stochastic RSI hovering in overbought territory further supports the probability of an imminent drop. A breakdown below 4.44% would confirm this bearish continuation, signaling a shift towards a risk-on environment—bullish for crypto assets.
We should watch this level closely, as a decline in USDT dominance typically correlates with stronger momentum in Bitcoin and altcoins. If this plays out as expected, expect volatility to increase across the market!
Like & Follow for more real-time market insights!
Drop your thoughts in the comments are you: bullish or bearish?
The confluence of technical factors suggests wave (5) is in play, with downside targets at 3.71% and an extended move toward 3.10%. The Stochastic RSI hovering in overbought territory further supports the probability of an imminent drop. A breakdown below 4.44% would confirm this bearish continuation, signaling a shift towards a risk-on environment—bullish for crypto assets.
We should watch this level closely, as a decline in USDT dominance typically correlates with stronger momentum in Bitcoin and altcoins. If this plays out as expected, expect volatility to increase across the market!
Like & Follow for more real-time market insights!
Drop your thoughts in the comments are you: bullish or bearish?
📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Advert/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Advert/Partnership: t.me/WESLAD
📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Advert/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Advert/Partnership: t.me/WESLAD
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.