#USDT Dominance: Don't FOMO! Here's Why!A rejection on the daily chart has led to a strong performance in altcoins, while BTC is steadily approaching the $100K zone, currently sitting at $98K. A break below the blue EMA, which is being tested now, could result in further continuation.
However, a bounce might mark the end of this Christmas rally.
For those experiencing FOMO, it’s better to hold on and wait. Of course, you’re free to make your own decisions, but in my opinion, patience is the best approach.
I hope you're enjoying the holidays!
Make sure to reduce screen time and spend quality moments with your family and friends.
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Thank you
#PEACE
Usdtrylong
USDT dominance chart update details: “death cross” has formed, where a short-term moving average (possibly the 50-day, shown in red) has crossed below a long-term moving average (possibly the 200-day, in green). This pattern typically suggests a bearish signal, indicating the potential for further declines in USDT dominance.
The overall direction appears downward, with USDT dominance testing lower support areas within a descending channel.
Key support levels are marked in green and gray. The current price level is slightly above the major support area around 5.0%. The chart suggests a possible continuation downward, with the next significant support area near 4.0%.
The large downward arrow indicates a bearish outlook for USDT dominance, suggesting potential further declines toward the 4.0% range if current support levels fail to hold.
This chart indicates that if USDT dominance continues to decline, this could correlate with a potential uptrend in the broader crypto market, as money flows from stablecoins into other assets.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
Technical analysis and trading plan for the ONE/USDT by BFTechnical analysis and trading plan for the ONE/USDT 1-hour chart (on Binance) by Blaž Fabjan
Descending Trading Channel:
The price is currently moving within a descending trading channel, with lower highs and lower lows. This is a bearish pattern but can lead to a bullish breakout when the price breaks the upper boundary (resistance line).
The price is testing the upper boundary of the channel, which, if broken, could signal a potential upward movement.
Resistance Line:
A key resistance line is visible near 0.0120 USDT. The price has struggled to break above this level in previous attempts.
A breakout above this level with significant volume could signal a trend reversal and potential bullish momentum.
Indicators:
VMC Cipher B Indicator: Showing potential bullish momentum building up as the red momentum wave has bottomed out, signaling a possible trend reversal.
RSI (Relative Strength Index): Currently at 54.30, indicating that the market is neutral but leaning slightly bullish. It’s above the 50 line, which suggests a shift from bearish to bullish sentiment.
Stochastic RSI: Near the overbought zone, sitting at 84.47. This could mean that there might be a small correction before the price pushes higher.
HMA+ Histogram: Shows neutral sentiment, suggesting no strong trend currently. But with a bullish setup on other indicators, this could shift positively.
Volume:
Volume is moderate at 1.879M, and increasing volume during the breakout would provide confirmation of upward movement.
Trading Plan:
Bullish Scenario (Breakout Trade):
If the price breaks out above the resistance level of 0.0120 USDT with an increase in volume, this could signal a strong move upward.
Entry Point: Buy at the breakout above 0.0121 USDT with confirmation (strong bullish candle close above the resistance line and higher volume).
Target 1: 0.0140 USDT (short-term resistance).
Target 2: 0.0150 USDT (next major resistance).
Stop Loss: Set a stop loss below 0.0110 USDT (below the previous low and support of the descending channel).
Bearish Scenario (Rejection at Resistance):
If the price fails to break above the 0.0120 USDT resistance level and reverses, it could move back into the descending channel.
Entry Point: Consider shorting if the price rejects the resistance and starts to move lower, below 0.0118 USDT.
Target 1: 0.0110 USDT (previous support level).
Stop Loss: Above 0.0122 USDT (in case of a sudden bullish breakout).
Consolidation Scenario:
If the price consolidates between 0.0115 - 0.0120 USDT, wait for a clear breakout either upwards or downwards before entering a trade.
Risk Management:
Consider using a risk-reward ratio of at least 1:2 for your trades.
Position sizing should be managed to avoid overexposure. Only risk a small percentage of your portfolio on each trade.
This plan provides both bullish and bearish scenarios, with specific entry, exit points, and risk management strategies. Always ensure you monitor the price action and volume to confirm breakouts or rejections.
#USDT : Your Key to a Beautiful Green Winter!Is this rational? Absolutely!
Is this possible? Without a doubt!
BTC Dominance may keep rising for the next few weeks followed by a very strong rejection.
You'll see double and even triple-digit gains in a single day in altcoins.
Don’t sell your BTC and altcoins for cheap just yet.
We may see a bit more of this boring price action and possibly one last shakeout, but things are about to change quickly.
Thank me later, but for now, bookmark this post.
Big moves are coming!
Based on these two charts, I'll share 10 ALTCOINS with Entry and Exit points for the bull run.
So make sure you like and RT if you want me to post them soon!
Do hit the like button if you like it and share your views in the comment section.
Thank you
#PEACE
#USDT.D This is what you need to know!#Tether is facing multiple daily rejections. As long as we stay below the red resistance zone, altcoins will experience some relief while BTC will move within a narrow range.
Close above this resistance could push BTC below 64k.
Keep an eye on the 5.05% level.
Let me know what you think in the comment section and do hit the like button if you like these short updates.
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#PEACE
Market update: Relief or more Dump?USDT dominance is currently hitting three major resistance levels:
1. 100 EMA (blue)
2. 50 SMA (red)
3. 8-month-old trendline resistance (blue)
This confluence of resistance makes this level crucial. Taking into account the channel breakdown and retest, a rejection seems more likely at the moment, suggesting a potential market relief rally.
Invalidation:- Close above the red zone.
dyor, nfa
Do hit the like button if you like it and share your views in the comment section.
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#PEACE
#USDT Important update , Must Read!🚨 Key Alert for #USDT 📈 : Keep this chart in your sights!
A sustained break above this crucial level could signal extended bearish trends in the market.
Expect red in the coming weeks, perhaps even months if this happens.
Regardless of the current altcoin trends you're observing, the data on this chart could significantly alter almost any bullish interpretation you encounter.
It's crucial to remain vigilant and always seek confirmation before executing any trades.
While my previous charts suggest a potential for further upward movement, the extended timeframe for this development is leading me to reconsider—perhaps a correction is looming.
However, a false breakout followed by a breakdown is all people are wishing for a green market!
I know I've been posting this USDT chart more often so you understand the significance of this chart. I hope you appreciate that with a simple like!
Please Do your own research (DYOR); this is not financial advice.
Stay tuned for more updates!
#Crypto #Bitcoin
Stay safe
#PEACE
#Tether Will $48k be the top or $52k is still on the cards?The rejection of USDT Dominance from the grey area recently contributed to the upward movement, pushing the price to $48k.
To sustain the momentum and reach the FWB:52K - FWB:54K level, the index must break below this channel.
In the event of a breach in the grey level area, FWB:48K could become the local top.
Let's hope we break down!
DYOR, NFA
Do hit the like button if you like my updates!
#PEACE
#USDTether Your Altcoins are Dumping? What to do?
Let's analyze:
Dominance Update: Even though Altcoins aren't reacting as expected while BTC remains relatively stable, Tether (USDT) is in a tricky spot.
The uncertain situation, often called the "grey area," is holding things together for now to some extent. If the dominance goes above 6%, it could signal a trend reversal.
Keep a close eye on this chart – it's like your crystal ball for market insights.
For the current trend to continue, we need a rejection at this level.
Breaking through won't be easy, but it's possible.
Stay alert for signs that support or challenge this analysis.
DYOR, NFA
#BitcoinETFs #Bitcoin
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USD/TRY 1$ = 29 TL
You can see my previous graph (above). There is no good development in Turkey so I think that the dollar will increase more.
Under the rule of Recep Tayyip Erdogan Turkey has descended into a dictatorship. In order for Turkey's dollar rate to improve needs to be changed through elections. It also occurs when the incoming government takes democratic steps.
- RTE factor (Anti democratic leader)
- Kurdish (Syria) Problem and security problems - war funds -
- Economic indicators
- Graph indicator / Technic Analysis (StochRSI + MACD + Mov50 + TD )
#USDT dominance giving us a hit to our Bitcoin's Local TOP!#USDT Update: Tether has shattered every support, mirroring Bitcoin's breakthrough of resistance. The 5.26% area emerges as a potential next target, hinting at further upside for Bitcoin.
While Bitcoin's chart signals a local top near $40.2k, this breakthrough could spark a rally to $42.8k, a significant long-term support turned resistance level. So, our $40k+ target remains plausible as long as $35k holds.
Cheers! 🚀
USD/TRY: The Turkish Central Bank updates inflation expectationsThe dollar pair stabilized against the Turkish lira USD/TRY during today's trading, to trade the Turkish currency at its lowest level ever against the dollar. On the American front, the dollar rose against major currencies after the Federal Reserve's decision last week to raise interest rates, as the dollar received support after a limited decline. At the present time, investors are awaiting more economic data to try to explore the path of monetary policy that the Federal Reserve may follow during the coming period, especially after inflation began to slow down. Current expectations indicate that raising interest rates during the past month represents the peak of monetary tightening in the United States of America, as the Fed is expected to stabilize the interest rate for several months before shifting and applying a rate cut starting from the second quarter of next year.
TRY Bleeding Out%19 Interest rate, huge debts, vaccination progress is still very low.
Turkish Central Bank manager kicked out because of interest rates, but we have still a huge interest rate and USD/TRYis still going forward. What Turkey could do? No tourism income for now, no leverage hand for interest anymore.
Unfortunately, TRY will be 10 soon if we close daily above 8.58. Also, don't forget DXY is bleeding out what is gonna happen when DXY hits 98 again.
Not financial advice.
Will Turkish lira reverse if new leader is elected?Could the upcoming Turkey election effect how their currency lira performs against western currencies including the USD? Any potential new leader may be able to get the lira to be much stronger then over the last few years. As for today, the USD against the Turkish lira is the only currency which seems to be somewhat strong in the world of Oanda forex. When my usual frequent scanning across forex and CFD universe, there are very few instruments that showed a consistent profit for the day. Something very strange is happening in the global markets today
Welcome to another debt crisis in economic history 7!It's been a while since I tracked the #usdtry pair. You can also find my past reviews below for comparison.
Concerns over
- high inflation,
- high levels of debt
- external financing needs
- geopolitical tensions
- a looser monetary policy stance to support economic growth
- high-level gov. corruption
- pressure on the parity
imo parity will be stabilized around 33-46
USDT.D are you rdy for Down All professional crypto market analysts know that before anything else, they should check Tether's Dominance trend, then enter the market and open their position.
Based on my analysis, I announce that Tether's trend will soon be downward and a bull market will begin for crypto.
USDT.DOMINANCE 1DAY UPDAYE BY CRYPTO SANDERS !!Hello, welcome to this USDT. dominance update by CRYPTO SANDERS.
CHART ANALYSIS:-USDT.D is bouncing from the horizontal support. If it breakout the current resistance level, a further bounce is expected toward the horizontal resistance.
The general pattern is bearish as it is exchanging beneath the Ichimoku cloud. We've to wait for a solid breakdown of the horizontal support, which would confirm another bullish move, as USDT.D works inversely proportional to the crypto market.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you