USDT.D Chart
USDT.D got supported from the weekly support, and is currently trying to breakout from its descending channel. We must observe its chart wisely and see how it will react to this area.
There are 2 scenarios in this situation.
First scenario is that it will successfully breakout and complete its pullback to the broken inverse cup and handle in weekly time frame which can cause a temporary correction in the market and would be an awesome opportunity to load your bags on alt coins of your choice.
Second scenario is that it will fail to breakout and will continue its downtrend which will likely cause alt coins and market to pump once it happens.
We are traders must be patient like a lion on the hunt and sit in the bush to catch the right prey.
That’s why I said it’s better to sit on USDT on my previous analysis so we can react to either of those 2 scenarios at the right time.
DYOR
Goodluck
There are 2 scenarios in this situation.
First scenario is that it will successfully breakout and complete its pullback to the broken inverse cup and handle in weekly time frame which can cause a temporary correction in the market and would be an awesome opportunity to load your bags on alt coins of your choice.
Second scenario is that it will fail to breakout and will continue its downtrend which will likely cause alt coins and market to pump once it happens.
We are traders must be patient like a lion on the hunt and sit in the bush to catch the right prey.
That’s why I said it’s better to sit on USDT on my previous analysis so we can react to either of those 2 scenarios at the right time.
DYOR
Goodluck
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