USDT DOMINANCE: WHAT IF???
Hello traders, I hope you guys are doing well. Here's an update on the USDT dominance.
Timeframe: 2 days.
Update: The USDT.D is moving towards the upside and if it is good to be true then get ready for another dump in the market. There are three vital points that lean towards the bullish move in USDT.D:
1. The USDT.D recently bounced back from its support level.
2. In 2 days TF, the dominance is above the 21 MA.
3. The RSI shows a hidden bullish divergence.
Until and unless, The USDT.D breaks down the 6% support level or we can say the supporting trendline, the market can't be positive. I am going to stick with this chart and observe it and also do some scalping in between.
What do you think about the USDT Dominance? Let me know your views and ideas in the comments.
Thank you for reading and supporting me.
Trade safely.
Timeframe: 2 days.
Update: The USDT.D is moving towards the upside and if it is good to be true then get ready for another dump in the market. There are three vital points that lean towards the bullish move in USDT.D:
1. The USDT.D recently bounced back from its support level.
2. In 2 days TF, the dominance is above the 21 MA.
3. The RSI shows a hidden bullish divergence.
Until and unless, The USDT.D breaks down the 6% support level or we can say the supporting trendline, the market can't be positive. I am going to stick with this chart and observe it and also do some scalping in between.
What do you think about the USDT Dominance? Let me know your views and ideas in the comments.
Thank you for reading and supporting me.
Trade safely.
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