How far will crypto drop, usdt.d analysis
Rememer when usdt goes up crypto goes down.
you can cleary see resistance on the weekly timeframe on usdt.d. The question is where crypto will continue the bullrun we previously had. Maybe this gives a small indication.
If we break current resistance a retest to the next level of resistance is expected. However for crypto to be bullish again we have to reject this resistance, maybe bitcoin will be at 28k(yearly support on btc) at this time. But if we break out of this top level resistance, i'm afraid we may see some more downside in the coming months.
you can cleary see resistance on the weekly timeframe on usdt.d. The question is where crypto will continue the bullrun we previously had. Maybe this gives a small indication.
If we break current resistance a retest to the next level of resistance is expected. However for crypto to be bullish again we have to reject this resistance, maybe bitcoin will be at 28k(yearly support on btc) at this time. But if we break out of this top level resistance, i'm afraid we may see some more downside in the coming months.
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