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Usdt-dominance

USDT.D RSI Oversold, Expected Bounce to 5%-5.5%, Bearish for BTCCRYPTOCAP:USDT.D shows signs of a potential bounce as RSI has reached oversold territory, indicating a likely move up to the 5%-5.5% area. With #USDT.D rising, we expect #Bitcoin and altcoins to face downward pressure due to the inverse relationship between USDT dominance and the broader crypto market. Watching for confirmation of this bounce could provide shorting opportunities in CRYPTOCAP:BTC & #crypto .
CRYPTOCAP:USDT.DLong
by crypto_vulture_signals
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.
CRYPTOCAP:USDT.DShort
by crypto_vulture_signals
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.
CRYPTOCAP:USDT.DShort
by crypto_vulture_signals
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