Hello community members and welcome back to another chart update.
As USDT.D broke the triangle pattern and jumped upside earlier, now it’s almost 9.5% from the level of retest.
Now if we consider the parallel channel then we can observe here that USDT.D rejected from the upper trend line resistance at the level of 6.49%.
If we look into a rising wedge pattern then USDT.D again bounced from the lower trend line support level and headed towards the upper trend line resistance.
Here USDT.D needs to break down this rising wedge pattern to show some bullish mode in ALT coins.
If USDT.D breaks above this parallel channel or rising wedge then USDT.D soon can touch the 7.25%.
So, In this market condition, we should wait and avoid long trades otherwise it can be harmful to our assets.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR OWN RESEARCH BEFORE TAKING ANY TRADES.
Thank you
As USDT.D broke the triangle pattern and jumped upside earlier, now it’s almost 9.5% from the level of retest.
Now if we consider the parallel channel then we can observe here that USDT.D rejected from the upper trend line resistance at the level of 6.49%.
If we look into a rising wedge pattern then USDT.D again bounced from the lower trend line support level and headed towards the upper trend line resistance.
Here USDT.D needs to break down this rising wedge pattern to show some bullish mode in ALT coins.
If USDT.D breaks above this parallel channel or rising wedge then USDT.D soon can touch the 7.25%.
So, In this market condition, we should wait and avoid long trades otherwise it can be harmful to our assets.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR OWN RESEARCH BEFORE TAKING ANY TRADES.
Thank you
