š Marketupdate about USDT.D š
Acha gee, so we do have that bull div on weekly, then we have a C-fork on this daily timeframeā¦ š Now the flip of this C-Fork leads to its targets of the Main GP(6.93%-7.03%) šÆ
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 Iām proposing that itās gonna retracement down now, thatās phase 1. Below is the chart where I talk about the lower timeframe retracement of this move. š Then in phase 2 itās gonna move and flip the trendline with a proper retest, and then move to the GP targets. šÆ
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 š¬
Here's the 4h chart of USDT.D š
Now we got two serious supports for this phase 1 retracement. š”ļø 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%). š
I believe the better drop os till the OB confluence. So better watch for thatā¦ š
Till this retracement happens, we may create bearish OBs on many altcoins to trap some new longers/late buyers etc š
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