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elcome to another crypto market outlook for the 20th of March!

In today's market analysis, we will dive into the current state of the crypto market. BTC is hovering around a massive support at $60,000, while USDT.D continues to display a bullish trend, approaching a major high at 4.72%.

Furthermore, we will cover five altcoins (DYM, TEL, XEC, ROSE, and DUSK), highlighting their key levels and potential trading setups.

Are you ready?

Today, we will cover the following topics:

- USDT.D and BTC Analysis
- 5 Altcoins Analysis
- Quotes / Advices
- Closing Remarks

USDT.D and BTC analysis

As usual, I always start my analysis with USDT.D as it serves as an indicator of traders' sentiment. USDT.D reflects whether traders are optimistic (investing in cryptocurrencies) or pessimistic (shifting towards stablecoins).

USDT.D daily chart rejected the 3.75% support and traded higher.
USDT.D Chart - Daily Timeframe

As per our previous outlook, USDT.D rejected the 3.75% - 4% support zone and traded higher.

We now anticipate a continuation towards the upper boundary of the orange channel and 5%.

USDT.D 4H chart hovering within a narrow range between 4.4% and 4.72%.
USDT.D Chart - 4H Timeframe

For the bulls to maintain control, a breakout above the last major high at 4.72% is required.

Conversely, if the last low at 4.4% is breached downward, we will anticipate further bearish movement towards the 4% level..

BTC 4h chart overall bullish trading within the rising wedge pattern and currently hovering around $60,000 support.
BTC Chart - 4H Timeframe

After breaking below the $70,000 mark, BTC has entered a correction phase, trading within the falling blue channel.

However, the $60,000 level and lower red trendline create a strong rejection zone where bullish pressure may emerge.

BTC 1h chart overall bearish from a short-term perspective trading within the falling channel.
BTC Chart - 1H Timeframe

For the bulls to take over and start the next impulse movement upward, a breakout above the upper blue trendline and the last major high marked in blue at $65,700 is required.

In such a scenario, a movement towards $70,000 would be anticipated.

5 Altcoins Analysis

Let's begin with DYM. It is currently hovering around the lower bound of the range.

As long as the $4.8 support holds, we anticipate the bulls to step in.

For the bulls to take over, a breakout above the last major high marked in red at $5.9 is necessary.

In such a scenario, a movement towards the $8 resistance would be expected.

DYM 4h chart hovering around the lower bound of the range at 4.8.
DYM Chart - 4H Timeframe

Turning our attention to TEL. Following the breakout below the resistance at $0.005, TEL dipped by 35%.

Currently, it is approaching a strong support zone at $0.003, so we will be looking for buy setups on lower timeframes.

TEL daily chart approaching a strong support and demand at $0.003.
TEL Chart - Daily Timeframe

In the 4-hour timeframe, for the bulls to take control, a breakout above the last major high marked in red at $0.00415 is necessary.

Meanwhile, TEL would maintain an overall bearish outlook and could still trade lower to test the $0.003 support level.

TEL 4h chart showing the last major high at $0.00415 that we need a break above for the bulls to take over.
TEL Chart - 4H Timeframe

Next on the list for today is XEC. It has been overall bearish trading within the falling channel marked in red.

However, it is currently approaching a robust demand zone at $0.000042, prompting us to search for buy setups on lower timeframes.

For the bulls to take control, a breakout above the upper red trendline and the last major high at $0.000053 is necessary.

In such a scenario, a movement towards the next resistance at $0.00007 would be expected.

XEC 4h chart approaching a demand at $0.000042 and trading within the falling channel.
XEC Chart - 4H Timeframe

Analyzing ROSE, it has been overall bullish trading within the rising channel marked in red, and it is currently approaching the lower bound of the channel.

As long as the support at $0.118 holds, we anticipate a continuation towards the $0.18 mark.

ROSE daily chart overall bullish trading within the rising channel and it is currently approaching the lower bound of the channel.
ROSE Chart - Daily Timeframe

In the 4-hour timeframe, ROSE has been overall bearish, trading within the falling orange wedge pattern.

For the bulls to assume control and start the next impulse movement upward, a breakout above the last major high in orange at $0.145 is needed.

ROSE 4h chart showing the last major high at $0.145 that we need a break above for the bulls to take over.
ROSE Chart - 4H Timeframe

DUSK has been trading within a range bounded by our $0.2 support and $0.4 resistance levels.

Currently, DUSK is testing the lower boundary of the range, so we will be looking for buy setups on lower timeframes as long as the support holds.

DUSK weekly chart hovering within a range between $0.2 support and $0.4 resistance.
DUSK Chart - Weekly Timeframe

For the bulls to assume control and initiate the next upward impulse movement, a breakout above the upper red trendline and the last major high marked in red at $0.31 is required.

Meanwhile, DUSK would maintain a bearish outlook and could still trade lower to test the $0.2 - $0.25 support zone.

DUSK 4H chart overall bearish trading within the falling channel and showing the last major high at $0.31 that we need a break above for the bulls to take over.
DUSK Chart - 4H Timeframe

Quotes / Advices

During a dip, it's crucial to remain calm and avoid impulsive decisions.

Focus on long-term strategies rather than short-term gains. Consider diversifying your portfolio to mitigate risk.

Avoid panic-selling and instead, consider buying opportunities at discounted prices.

Keep emotions in check and stick to your investment plan.

Remember, volatility is inherent in crypto markets, and patience is key to riding out bearish phases.

Closing Remarks

In summary, USDT.D indicates bullish sentiment, targeting the upper boundary of the orange channel at 5%.

BTC faces a correction phase within the falling blue channel, with $60,000 acting as a strong support.

For a bullish reversal, BTC must breach the upper blue trendline and reach $65,700, aiming for $70,000.

DYM eyes bullish moves near $4.8 support, targeting $5.9 resistance.

TEL seeks stability at $0.003 support, awaiting a breakout above $0.00415 resistance.

XEC eyes potential gains near $0.000042 demand area, with a breakout above $0.000053 pivotal.

ROSE maintains bullish momentum near $0.118 support, with $0.145 resistance key for further gains.

DUSK tests $0.2 support, aiming for breakout above $0.31 resistance while monitoring support levels around $0.2 - $0.25. 

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