USDT.D inverted head and shoulders
#USDT.D
The dominance of USDT is inside a descending channel, and below the upper line of this channel.
also as you can see it shaped an inverted head and shoulders.
🐮 the neckline of H&S pattern is the same with upper line of channel, so breaking out from this resistance can increase dominance toward resistance zone around 8.5%, that will cause more fall in crypto market.
🐻 rejection from upper line of channel can reverse the short-term trend and possible to drop to lower line, and as you know this move will cause reversal in crypto market and crypto will move upward.
The dominance of USDT is inside a descending channel, and below the upper line of this channel.
also as you can see it shaped an inverted head and shoulders.
🐮 the neckline of H&S pattern is the same with upper line of channel, so breaking out from this resistance can increase dominance toward resistance zone around 8.5%, that will cause more fall in crypto market.
🐻 rejection from upper line of channel can reverse the short-term trend and possible to drop to lower line, and as you know this move will cause reversal in crypto market and crypto will move upward.
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.