🚀 Marketupdate about USDT.D 🚀
Acha gee, so we do have that bull div on weekly, then we have a C-fork on this daily timeframe… 📈 Now the flip of this C-Fork leads to its targets of the Main GP(6.93%-7.03%) 💯
In my opinion the flip of the upper trendline on the price is gonna happen in 2 phases, It just tapped the upper trendline so I’m proposing that it’s gonna retracement down now, that’s phase 1. Below is the chart where I talk about the lower timeframe retracement of this move. 📊 Then in phase 2 it’s gonna move and flip the trendline with a proper retest, and then move to the GP targets. 🎯
While this happens, I believe a slow bleed for alt coins is on the way, this can change with a little bit of news but for now, this is what it looks like 😬
Here's the 4h chart of USDT.D 📉
Now we got two serious supports for this phase 1 retracement. 🛡️ One support is at obvious 200sma(5.70%), and the other one is below that, where the OB and GP are at confluence (5.46%-5.49%). 🎁
I believe the better drop os till the OB confluence. So better watch for that… 👀
Till this retracement happens, we may create bearish OBs on many altcoins to trap some new longers/late buyers etc 😈
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