USDT DOMINANCE: CLOSE TO THE SUPPORT LEVEL.
USDT Dominance update:
The USDT.D got rejected from the resistance level of 7.25%. This rejection helped BTC and other altcoins to make a bullish rally in the market. We may possibly see some more rallies in the market but it is always wise to book profits, wait for the correction, and most importantly do not FOMO.
According to this 6 hours chart, a bounce back on USDT dominance is likely possible and we may see rejection in BTC and other altcoins. The only invalidation point for the dominance will be a breakdown below 6.33%.
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Thank you for reading. Trade safely.
The USDT.D got rejected from the resistance level of 7.25%. This rejection helped BTC and other altcoins to make a bullish rally in the market. We may possibly see some more rallies in the market but it is always wise to book profits, wait for the correction, and most importantly do not FOMO.
According to this 6 hours chart, a bounce back on USDT dominance is likely possible and we may see rejection in BTC and other altcoins. The only invalidation point for the dominance will be a breakdown below 6.33%.
I hope this idea will be helpful for you. Please support my community with your likes, comments, and share options.
Thank you for reading. Trade safely.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.