USDT should be familiar to everyone. For weeks there have been inquiries on social media and requests for a detailed USDT analysis. Now we have decided to do you this favor and talk in detail about possible course goals.
Right now we're trading around $1.004. In the 4H chart we clearly see the volatility that has prevailed here recently. Here is manipulated to the point of no more. The big fish try to flush the small ones out of the market.
The RSI points to another pump to gigantic heights. In the short term, we could see prices as high as $1.005. Still, we would not have made a higher high. So we are probably still in a downtrend.
We can also clearly see the manipulation on the weekly chart. The volume has dropped extremely in the past few weeks. Fake news claims that the Fed will continue to print USD, thus affecting USDT price.
On the whole, however, we have been moving in a very high range for years. The RSI shows little sign of heading higher. We're not making any higher highs here either.
So we are in a clear downtrend. USDT could thus be poised for a huge breakout soon. If we look closely at the course, we can see that the heartbeat is slowly slowing down.
This pattern is only recognized by very few and experienced traders. This indicates the creeping total loss.
Conclusion
As a conclusion to this detailed and of course very demanding chart analysis, only little can be said. The big traders have already left the sinking ship and are more likely to bet on Shiba & Doge. These altcoins are the future.
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