#USDT_DOMINANCE:
#Usdt.Dominance showing perfect Descending Traingle. If it breaks down and closes below the 0.618 Fib level, then it is a bearish signal. If pump hook breaks out then it is a bullish signal. Whatever will happen with this, the opposite crypto market will react.
https://www.tradingview.com/x/iAve2TuR/
#Usdt.Dominance showing perfect Descending Traingle. If it breaks down and closes below the 0.618 Fib level, then it is a bearish signal. If pump hook breaks out then it is a bullish signal. Whatever will happen with this, the opposite crypto market will react.
https://www.tradingview.com/x/iAve2TuR/
TradingView
TradingView Chart
#USDT is moving in a rising wedge, which is getting closer with each candle close. A rising wedge is technically a bearish pattern.
might see a last upward trap to take liquidity above the equal highs before the breakdown of the rising wedge.We've to keep an eye on a high volume breakdown to confirm a downward direction in USDT to hit the lower marked horizontal support .
might see a last upward trap to take liquidity above the equal highs before the breakdown of the rising wedge.We've to keep an eye on a high volume breakdown to confirm a downward direction in USDT to hit the lower marked horizontal support .
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🔸 Trading Pair: #BRICK / #USDT
🔸 Trading Starts: 04:00 AM, Aug 12 (UTC)
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#USDT DOMINANCE ANALYSIS
The USDT.D is moving in a symmetrical triangle on the weekly timeframe. Currently, it is holding above the trendline and rejecting the MA 50.
The Ichimoku cloud is showing indecision. RSI is in the neutral zone. A sustained breakdown of the symmetrical triangle would be the downward trend confirmation, while a bounce may lead to further movement inside the triangle.
The USDT.D is moving in a symmetrical triangle on the weekly timeframe. Currently, it is holding above the trendline and rejecting the MA 50.
The Ichimoku cloud is showing indecision. RSI is in the neutral zone. A sustained breakdown of the symmetrical triangle would be the downward trend confirmation, while a bounce may lead to further movement inside the triangle.