🔺USDT.D Analysis: The Ascending Broadening Wedge Pattern on the Weekly Frame
👁 The Ascending Broadening Wedge pattern is forming on the USDt.D chart, which is a bearish technical pattern. The pattern shows rising lows and highs with a gradual widening of the price action.
❤️🩹 The target of the pattern is estimated at 2.55%, indicating a potential decline in dominance.
👛 The impact of the USDt.D decline on Bitcoin
The decline in USDT dominance is often accompanied by the influx of liquidity into the cryptocurrency market, which supports the rise of Bitcoin $BTC and altcoins. Therefore, the continued realization of the pattern will be a positive sign for the market to recover again.
🛡 Note
I do not share these analyses just to provide a ready-made vision, but my goal is for you to learn to read patterns and understand market mechanisms. We do not give you the fish, we teach you how to catch it.
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