USDT DOMINANCE AT CRITICAL TURNING POINT BIG MOVE LOADING!
USDT dominance remains confined within a well-structured descending channel, displaying a clear Wave formation. The recent wave (4) rejection perfectly aligns with the 200-day EMA and the critical 4.89% resistance level, reinforcing a bearish outlook.
The confluence of technical factors suggests wave (5) is in play, with downside targets at 3.71% and an extended move toward 3.10%. The Stochastic RSI hovering in overbought territory further supports the probability of an imminent drop. A breakdown below 4.44% would confirm this bearish continuation, signaling a shift towards a risk-on environment—bullish for crypto assets.
We should watch this level closely, as a decline in USDT dominance typically correlates with stronger momentum in Bitcoin and altcoins. If this plays out as expected, expect volatility to increase across the market!
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The confluence of technical factors suggests wave (5) is in play, with downside targets at 3.71% and an extended move toward 3.10%. The Stochastic RSI hovering in overbought territory further supports the probability of an imminent drop. A breakdown below 4.44% would confirm this bearish continuation, signaling a shift towards a risk-on environment—bullish for crypto assets.
We should watch this level closely, as a decline in USDT dominance typically correlates with stronger momentum in Bitcoin and altcoins. If this plays out as expected, expect volatility to increase across the market!
Like & Follow for more real-time market insights!
Drop your thoughts in the comments are you: bullish or bearish?
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Advert/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
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