USDT.D% Can Go Up by Falling Wedge Pattern✈️

Mar 28

💡One of the important factors for analyzing the cryptocurrency market is the Market Cap USDT Dominance% (USDT.D%) status.

📚What is Market Cap USDT Dominance% (USDT.D%)❗️❓

🔸Market Cap USDT Dominance% (USDT.D%) shows what percentage of the money is on USDT. There are 2 causes of the increase of USDT dominance.

🔸The first is that investors put cash on the market from the outside, which is due to the unfavorable weather in the market. And the second is again, as the market falls, investors withdraw their funds from cryptocurrency investments and put them to USDT. In both of them, a decrease in cryptocurrencies and an increase in USDT holders are observed.

🚀If USDT.D% increases, we can expect a correction in the cryptocurrency market.

🏃‍♂️USDT.D% is currently moving in an important 🟡Potential Reversal Zone(PRZ)🟡.

💡If you look at my chart, when USDT.D% first entered the PRZ, it formed a Falling Wedge Pattern and performed well. USDT.D% seems to have once again succeeded in forming a Falling Wedge Pattern in PRZ (although this time, the pattern seems to be even more standard than the previous one).

🔔I expect USDT.D% to rise to at least the 🔴Resistance zone(4.72%-4.53%)🔴 after breaking the upper line of the falling wedge pattern.

Market Cap USDT Dominance% Analyze (USDT.D%), 4-hour time frame ⏰.

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Mar 28

Trade active

Mar 28

Note

USDT.D% is likely to start rising again at 78.6%, but it is better to wait for the break of the upper line.

Apr 13

Trade closed: target reached

Apr 17

Note

USDT.D% was able to break the resistance zone, and it is a sign for more dump.