Full market reversal incoming USDC.D bearish
Ive published my analysis on stable coins over the last month now as I think its one of the most import charts to analyse for market reversals watching the money flow between stable coins and crypto assets such as alts and BTC.
The previous highs and lows have coincided exactly with the start of new uptrends and corrections in the market since the charts inception.
USDC.D has been becoming increasingly bearish over the last month showing a lot of bearish divergence on RSI with a bearish shooting star candle on the weekly. Price action has changed bearish on daily chart putting in a new lower low and as a result the market has started to see pumps in altcoins and BTC.
The weekly MACD looks bearish with MAs converging showing weakening trend on HTF with engulfing bearish weekly candle close on the week prior showing sell side pressure.
I think a market wide reversal is on the horizon and this is just the start of a new uptrend forming
The previous highs and lows have coincided exactly with the start of new uptrends and corrections in the market since the charts inception.
USDC.D has been becoming increasingly bearish over the last month showing a lot of bearish divergence on RSI with a bearish shooting star candle on the weekly. Price action has changed bearish on daily chart putting in a new lower low and as a result the market has started to see pumps in altcoins and BTC.
The weekly MACD looks bearish with MAs converging showing weakening trend on HTF with engulfing bearish weekly candle close on the week prior showing sell side pressure.
I think a market wide reversal is on the horizon and this is just the start of a new uptrend forming
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