Located in an important trend reversal zone

26 août

Hello, traders.

If you "Follow", you can always get new information quickly.

Please click "Boost" as well.
Have a nice day today.

-------------------------------------

(1D chart)

USDT dominance is located in an important reversal zone.

It is an important point to watch whether it can meet resistance near the M-Signal indicator of the 1M chart and fall below the M-Signal indicator of the 1W chart, creating a state where the M-Signal of the 1D chart < M-Signal of the 1W chart < M-Signal of the 1M chart.

Since the decline in USDT dominance is likely to show an upward trend in the overall coin market, if the M-Signal indicator reverses this time, a trend reversal is expected.

-------------------------------------

(BTCUSDT 1D chart)

Accordingly, the 61099.25 point is an important support and resistance zone.

-
Have a good time.
Thank you.

--------------------------------------------------

27 août

Note

#USDT



#USDC



The coin market is falling as USDC is showing a gap down.

As USDT is maintaining a gap up trend, the current decline is likely to be a short-term decline.

#USDT.D

USDT dominance is showing an upward breakout of the M-Signal indicator on the 1M chart.

The key is whether USDT dominance can fall below the M-Signal indicator on the 1M chart, creating a state where the M-Signal on the 1D chart < the M-Signal on the 1W chart < the M-Signal on the 1M chart.


If not, and it becomes strange at 6.39, the coin market is likely to plunge again.

Accordingly, the key is whether it can face resistance and fall near the Fibonacci ratio point of 0.618.

29 août

Note

#USDT.D

USDT dominance has risen above the M-Signal indicator on the 1M chart and touched around 5.89.

If USDT dominance falls or maintains a downward trend, the coin market is likely to show an upward trend.

Therefore, when the M-Signal on the 1D chart < M-Signal on the 1W chart < M-Signal on the 1M chart, I think the coin market is likely to show an upward trend.


In that sense, the key is whether it can meet resistance near 5.89 and fall below 4.97.

If not, and if it maintains an upward trend above 5.89, the coin market is expected to show a large decline.