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Crypto Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
Tether (CRYPTO:USDTUSD)
Long-Term Downtrend (-90) - USDTUSD is in a strong downtrend that is likely to continue. While USDTUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDTUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDTUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for USDTUSD
The long-term trend has been DOWN since Jan 18th, 2024 at 0.999275
The intermediate-term trend has been DOWN since Apr 24th, 2024 at 1.000095
The short-term trend has been DOWN since Apr 20th, 2024 at 1.000555
Smart Scan Analysis for USDTUSD
Based on our trend formula, USDTUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.000005 | 1.000065 | 1.000065 | 1.000025 | +0.000020 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.000005 | 2024-04-24 02:23:10 |