Motive Incoming After Correction?USDT.D+USDC.D+DAI.D+GUSD.D+TUSD.D+USDP.D+SNX.D+BUSDUSD/TOTALCRYPTOCAP:USDT.D+CRYPTOCAP:USDC.D+CRYPTOCAP:DAI.D+CRYPTOCAP:GUSD.D+CRYPTOCAP:TUSD.D+CRYPTOCAP:USDP.D+CRYPTOCAP:SNX.D+CRYPTO:BUSDUSD/CRYPTOCAP:TOTALTheGemHunterThe Stable Coin Dominance Cocktail In this chart, I have the dominance of all the major stable coins combined into one (USDT.D+USDC.D+DAI.D+GUSD.D+TUSD.D...and so on). Its structure is similar to USDT.D but can provide different clues compared to the USDT.D chart alone. The Scoop There is what appears to be a (3-3-5) regular flat printing; we are potentially in Wave-C (the impulsive 5 wave structure down). This impulsive move down is the evidence of pumps in the crypto market during the last ~30 days: IMPULSE TO THE DOWNSIDE IN STABLE COIN DOMINANCE CHARTS = PUMPS IN CRYPTO AND VISE VERSA Potential areas of support are marked at the 1.272 and 1.618 of Wave-B with respective overshoot ratios. Right in that area is a MACRO trend line of previous resistance that could transform into support. This analysis suggests the motive could continue (the dominant trend up). A running flat of this degree in this area suggests that stable coin dominance could be loosing momentum to the upside. It is possible that a retest of previous resistance will be in the works. If so, we can only hope that we get slightly higher highs in that area which would suggest distribution of stable coins into crypto assets. Not Financial Advice. Intended For EDUCATIONAL Purposes Only