On a Daily timeframe, the price action #USDT.D Formed out Descending Triangle pattern where the price action successfully Broke out of the Resistance Trendline and is currently retesting. In contrast, It also formed the Falling Wedge Pattern which is a Bullish Pattern. A Horizontal Support level is marked between 5.82% to 5.64% and the Price action is bouncing back from the Daily Support level.
All the EMAs show the resistance level currently, However, we see the Formation of Bullish Harmonic Cypher Pattern as well where the D leg is yet to be completed out
If the price action takes a bounce back from the Horizontal Support level, We can expect out the Short term Bearish Mometrum in ALTs
All the EMAs show the resistance level currently, However, we see the Formation of Bullish Harmonic Cypher Pattern as well where the D leg is yet to be completed out
If the price action takes a bounce back from the Horizontal Support level, We can expect out the Short term Bearish Mometrum in ALTs