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USDT.D Retesting Previous Support as New ResistanceUSDT.D Bullish Divergence and Double Bottom Signal a Trendline Retest
USDT dominance ( CRYPTOCAP:USDT.D ) has formed a bullish divergence on the 4-hour chart, along with a double bottom pattern.
These signals suggest that USDT.D is gearing up to retest the trendline. Meanwhile, Bitcoin and altcoins are likely to undergo a retracement, offering another healthy opportunity to enter long positions.
This setup indicates potential strength in USDT.D, which may lead to a temporary pullback in the broader crypto market before resuming the uptrend.
USDT.D: Identifying a Falling Wedge#USDT Dominance (USDT.D) Analysis
#Current Technical Setup
**Timeframe**: 4-hour chart
**Patterns Observed**:
1. **Bullish Divergence**: USDT.D has formed a bullish divergence, indicating potential upward momentum. Bullish divergence occurs when the price makes lower lows, but the oscillator (such as RSI or MACD) makes higher lows, suggesting weakening downward momentum and a possible reversal to the upside.
2. **Falling Wedge**: The chart is currently forming a falling wedge pattern, a bullish reversal pattern. This pattern is characterized by converging trend lines sloping downward, indicating a potential break to the upside if the price manages to break out above the upper trend line.
#### Key Resistance Levels
1. **5.18%**: This is the initial resistance level that USDT.D might encounter after a breakout from the falling wedge. It marks a significant level where the price has previously faced selling pressure.
2. **6.2%**: If USDT.D successfully breaks above the 5.18% resistance, the next major resistance level is at 6.2%. This level represents a more substantial barrier and could be a pivotal point in determining the continuation of the upward trend.
#### Support Levels and Bearish Scenario
1. **4.5%**: If USDT.D fails to sustain above the current support level within the falling wedge, it could experience a significant decline, with the next support level at 4.5%. This would represent a bearish scenario, suggesting a potential plunge in USDT dominance and possible increased risk appetite in the broader cryptocurrency market.
### Detailed Description
**Bullish Divergence**: The presence of a bullish divergence on the 4-hour chart is a positive sign for USDT.D. Divergences are powerful indicators that often precede significant price movements. In this case, the divergence suggests that despite the recent downward price action, the selling pressure is diminishing, and buyers may soon gain control.
**Falling Wedge Pattern**: The falling wedge is a well-known bullish reversal pattern. It indicates that while the price is falling, the downward momentum is slowing down, and a breakout to the upside is likely. Traders often look for confirmation of this pattern by waiting for the price to close above the upper trend line with increased volume.
**Resistance Levels**:
- **5.18%**: This level is crucial as it has acted as resistance in the past. A break above this level would likely attract more buyers, pushing the price higher.
- **6.2%**: A further move to this level would confirm the strength of the breakout. It is a more significant resistance level and could determine whether the bullish trend continues.
**Support Level at 4.5%**: If USDT.D fails to hold its current support level and breaks downwards, a decline to 4.5% is possible. This would indicate a bearish turn and suggest that traders are moving away from USDT into other assets, reflecting a more risk-on sentiment in the market.
#Conclusion
USDT.D is at a critical juncture with a bullish divergence and a potential falling wedge pattern. The key resistance levels to watch are 5.18% and 6.2%. A break above these levels would confirm the bullish outlook. Conversely, failure to hold support could lead to a decline to 4.5%, indicating a shift in market sentiment. Traders should closely monitor these levels and patterns to make informed decisions.
USDT Dominance Update - USDT Dominance is currently trading at 5.31%
- USDT is at its crucial support or demand zone
- This signifies we can soon expect a drop in the prices of cryptos
- Watch out for your Spot Longs and try locking in gains before market goes back to your cost
- I have locked in 50% gains in many positions and I will plan to add fresh positions once I see a dip again
#USDT Dominance (USDT.D) Loses Support, Plunges to 4%#USDT Dominance (USDT.D) Breaks Support, Now Acting as Resistance with Potential Drop to 4% Key Support Area**
1. **Support Break and Role Reversal**: #USDT.D recently broke through its significant support level, which has now flipped to act as resistance. This shift indicates a potential for continued downward movement.
2. **Technical Patterns**: The previous support level is now exerting downward pressure as resistance, aligning with bearish technical patterns observed in the market.
3. **Target Levels**: With resistance firmly established, #USDT.D is poised to decline further, potentially reaching the critical support area around 4%. This zone is essential for traders to monitor as it could provide a temporary halt or reversal point.
4. **Market Implications**: The weakening of #USDT.D suggests a possible increased confidence in alternative cryptocurrencies, as funds might be flowing from stablecoins to other digital assets. This shift could indicate a broader bullish sentiment in the cryptocurrency market.
USDT Dominance Update - USDT Dominance followed my plan exactly the base needs to get matured before we see a huge crash or else we can again see a breather rally in Crypto
- USDT Dominance Helps you in understanding where the money is exactly flowing
- It has an inverse relationship with the Crypto Market
- When you see the Index Increasing - This depicts sell off
- When you see the Index Decreasing - This depicts infusion in Cryptos
USDTBH: Breakout of the trend on the charts?USDTHB is at an important resistance level. The resistance is formed since 2017 and if that broken, it may lead the path towards 33. With rising USD index, increase in crude prices and higher US inflation, will we see the breach of the trend this time? Keep a close watch.
USDT.D Bearish Shark Pattern Signals Move to Key Support LevelsUSDT.D has formed a bearish shark pattern and has broken the support trendline, indicating a likely move towards the 4.6% and 4.10% support areas. The bearish confirmation is further supported by the RSI falling from the overbought zone and a clear bearish cross on the MACD.
#USDTDominance #BearishSharkPattern #TechnicalAnalysis #Crypto #RSI #MACD #SupportLevels #CryptoTrading
USDT.D DOUBLE BOTTOM & BULLISH DIVERGENCE , POSSIBLE RETEST 4.7%#USDT dominance ( CRYPTOCAP:USDT.D ) has formed a double bottom on the higher timeframe, aligning with another double bottom visible on the daily timeframe. The RSI is showing a clear bullish divergence, further strengthening the probability of a retest toward the 4.7% resistance area from the current 4% level. Looks bear in BTC & altcoins go short correction.
USDT Dominance Trade Setup - USDT Dominance is trading at no trade zone
- To determine a one-sided bias its going to be tough
- IMO I believe we can see more retracement worth 0.5% and then pull back so watch out for that pullback if you are holding altcoins because they will start bleeding again unless the structure gets broken badly with mass volume
- Manage risk and position accordingly
USDT Dominance Trade Setup USDT Dom plays a very crucial role in the Crypto space
- I see this factor always not being talked upon
- When you see the USDT dominance index increasing this simply signifies that people are liquidating their positions and turning their accounts to FIAT
- Social Media influencers barely talk about this rather all you see is SHIBA inu to the moon or this that to 1$.
- Educating yourself is more important when you have money invested in a risky asset class
- IMO the chart looks very simple and it was very easy to plot the value zones you can see how well it grabbed liquidity and reacted to it
USDT Trade Idea - USDT Dominance works inversely with the Crypto Market
- USDT has been following my path and I firmly believe this wave could lead to every alt jump soon.
- The narratives are obviously going to be there playing out in a different way but make sure you follow this closely
- Once you see this approaching it's previous lows try cutting down your size in Alts and crypto so that when USDT bounces you are mostly sitting cash or FIAT.
- This will help you in accumulating more cash
USDT Dominance Analysis - USDT Dominance has recently been crushed
- USDT dom still shows a clean downside, however, one retracement can make the market crush a little
- keep a good track of USDT Dominance overall structure depicts more bearishness
#USDT.D (Tether Dominance) Bullish: Signs of Strength#USDT.D (Tether Dominance) has formed a bullish divergence pattern, indicating a potential uptrend reversal. The price is currently surging towards the 5.04% resistance level, which, if retested or broken, could lead to a further upward movement.
It's important to note the inverse relationship between USDT.D and the overall cryptocurrency market. When USDT.D rises, it suggests a flight to safety into stablecoins like Tether, often leading to a decline in the prices of cryptocurrencies such as Bitcoin and altcoins.
The next key resistance level to watch is around 5.63%. If USDT.D breaks above this level, it could signal a significant move towards higher levels, potentially causing a plunge in the crypto market.
Traders should closely monitor the price action of USDT.D and consider its implications for the broader cryptocurrency market. Factors such as market sentiment and external events can also impact the relationship between USDT.D and other cryptocurrencies. market sentiment and overall market conditions when making trading decisions based on technical analysis.
USDT.D FORMED BEARISH PENNET HUGE CRYPTO BULLUSDT.D has formed a bullish pennant pattern, and the daily RSI is in the overbought area. At the same time, the weekly RSI trendline has been rejected. This indicates a likely decline for USDT.D, giving the crypto market a chance to move upwards—a bullish sign for BTC and crypto. 🚀📈
#USDT.D #Crypto #CryptoMarket #BullishPennant #RSI #Overbought #MarketAnalysis #CryptoTrading #Bitcoin #BTC #Altcoins #Bullish #CryptoInvesting #TechnicalAnalysis #CryptoSignals
USDT.D formed bearish shark pattern USDT.D formed bearish shark patten and also formed clear bearish divergence .
which clearly shows it will retest 5.19% area if that also breaks bullish for crypto market
usdt.d and btc & altcoins are inversely related so we can expect pull back .
btc targets around 65k & 69k.
USDT.D FORMING BEARISH DIVERGENCE IN DAILY TIME FRAMEUSDT.D ( CRYPTOCAP:USDT dominance) appears to be forming a double top pattern on the chart, signaling potential weakness. This is further confirmed by bearish divergence on the RSI, where price action is making similar highs, but momentum is decreasing, indicating the possibility of a reversal.
If this double top confirms with a breakdown from current levels, particularly if it loses the 5.3% support, it could trigger a significant reversal in USDT dominance. This scenario would likely lead to a bullish move across Bitcoin and altcoins since a decrease in USDT dominance typically indicates that traders are moving their funds from USDT into cryptocurrencies.
Waiting for confirmation before making any moves is crucial to avoid false breakouts or invalid patterns.
USDT.D DOMINANCE FORMED BEARISH HEAD AND SHOULDER PATTERNUSDT Dominance (USDT.d):Pattern: Head and Shoulders.Interpretation: If this pattern confirms with a breakout, it suggests a bearish trend for USDT dominance. This could imply that traders are moving away from stablecoins like USDT and back into other cryptocurrencies.Support Level: The next significant support level could be around 5.10%. If the price breaks below this level, it might indicate further downside for USDT dominance.Bitcoin (BTC):Pattern: Inverse Head and Shoulders.Interpretation: This is typically a bullish pattern. If confirmed with a breakout above the neckline, it could signal the start of an upward trend for Bitcoin.Waiting for Breakout: The pattern is yet to break out, so traders might be waiting for confirmation before expecting a strong move upwards.
#USDT.D LOST SUPPORT STARTED PLUNGING#USDT.D lost its support, so next support levels are 3.8% and 2.5%. which is bullish for crypto.
USDT DOMINANCE DAILY TIME FRAME CHARTUsdt dominance forming falling wedge pattern on daily time frame
USDT Market dominance might dumpUSDT Market dominance is on the verge of breaking down the trend line support.
RSI showing bearish divergence as well.
Next potential support at 5.83% If continues to go down we might see bullish momentum in Bitcoin and crypto in couple of days.
