#USDT ANALYSIS

USDT.D continued its bearish move after the breakdown of the ascending triangle. The Ichimoku cloud is showing a bearish trend. It has bounced from the horizontal support and is trading below the MA 200.

A rejection from the MA 200 could be a possible scenario, while a sustained breakdown of the horizontal support would further confirm bearish sentiment. We have to note that it operates inversely proportional to the crypto market.