USDT.D 4HR
Price just broke down from a rising channel that started mid - late july.
it is currently trading below EMA20 and EMA50 respectively.
if you look closely it is also forming a death cross.
which indicates further declining.
If momentum continues we can see a continued declination towards the 8.618% support level.
IF USDT.D dumps.
MARKET pumps.
i expect upwards movement from the crypto market in the coming days.
reclaim of the EMAs above or the rising channel invalidates longs.
Good luck and happy trading.
$BTC $ETH
Price just broke down from a rising channel that started mid - late july.
it is currently trading below EMA20 and EMA50 respectively.
if you look closely it is also forming a death cross.
which indicates further declining.
If momentum continues we can see a continued declination towards the 8.618% support level.
IF USDT.D dumps.
MARKET pumps.
i expect upwards movement from the crypto market in the coming days.
reclaim of the EMAs above or the rising channel invalidates longs.
Good luck and happy trading.
$BTC $ETH