USDT Dominance Breakdown Ahead?USDT Dominance (USDT.D) has formed a bearish inverted cup and handle pattern, pointing to a big move soon!
The weekly chart of USDT dominance shows a clear bearish inverted cup and handle pattern, with a significant breakdown below the neckline. The projected target suggests a potential 60% decline, which could take the dominance to the 1.6-2% range.
This might indicate a shift in market dynamics, with capital rotating from stablecoins into altcoins or Bitcoin. A key moment to watch for crypto traders.
What’s your take on this? Could this spark an altcoin rally?
Usdtryanaliz
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 )
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.
USDTRY : :US DOLLOR TURKISH Hi Guys , Hope you well.
Charts shows You
SecondChanceCrypto
⏰23/May/23
⛔️(DYOR)
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
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USDT.D 4HHi Guys Hope you well
I show you the analysis for USDT.D ,completely against the trend of bitcoin.
SecondChanceCrypto
⏰04/May/23
⛔️(DYOR)
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
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.
USD/TRY We are here interesting pointHey guys, if you guys check my profile from below link,
www.tradingview.com
You guys see I have a lot usdtry analysis and my analysis success rate is 90% on this pair because I live in turkey and I feel every single situation when our turkish lira lose value let me give example.
So right now our president want to lower interest rates but technic analysis say if we close up weekly 16.89 level dollar is begin new rally to upside carefully all this area is so imporant just watch to price actions and we decide what we do stay tune.
Jamie Gun2Head - Selling USDTRYTrade Idea: USDTRY
Reasoning: Selling resistance, nice risk reward
Entry Level: 17.3623
Take Profit Level: 17.3012
Stop Loss: 17.3778
Risk/Reward: 3.94:1
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USDT/DOMINANANCE 4HOUR UPDAYTE BY CRYPTOSANDERSWelcome to this quick USDT.D analysis.
I have tried my best to bring the best possible outcome in this chart.
I think Dominance has bounced like I think Dominance may go up by 3.53% to get rejections
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
THANK YOU...
USDT.DOMINANCE 4HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick USDT.D analysis.
I have tried my best to bring the best possible outcome in this chart.
USDT.Dominance right now looks like it may even fall to 200 EMA so here may be USDT pair coin pump
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
THANK YOU...
USDT.DOMMINANCE 4HOUR UPDATEWelcome to this quick USDT.D analysis.
I have tried my best to bring the best possible outcome in this chart.
Strong Dominance Looks like it might bounce from here If you don't trade now it will be fine I will update as soon as the market changes
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
THANK YOU...
USDTRY headed to 15According to the economic situation is Turkey, USDTRY became like a altcoin. Past 3 months it devaluated about 100%. Now volatility increased and in one day it it increase 10% up and -9% in minutes. Today it break the resistance and correction should be near 15 by 10th Jan, let's see.
Not a investment advice... Do your own research.
USDTRY A Great Buying OpportunityTrade Proposal:
There is a probability of first tp to the proposed ( 20 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis: TRYUSD Waiting for the Range Bound and the beginning of the Ascension Trend.