USDT DOMINANCE: BE WATCHFUL.
Hello guys, welcome to this private update on USDT dominance.
In this 2 hours chart, the USDT dominance is under an expanding triangle pattern which technically is a bullish pattern. We have already seen in the daily timeframe that USDT dominance is holding the support level of 6.5% and until and unless it breaks below this level, a big move in the market will remain pending. For now, I am expecting the USDT.D to move toward 6.87% resistance which means, we may see some correction in the market.
So, be careful with your trades. Book profits if there are any, use SL, and place orders 8%-10% below the current price.
In this 2 hours chart, the USDT dominance is under an expanding triangle pattern which technically is a bullish pattern. We have already seen in the daily timeframe that USDT dominance is holding the support level of 6.5% and until and unless it breaks below this level, a big move in the market will remain pending. For now, I am expecting the USDT.D to move toward 6.87% resistance which means, we may see some correction in the market.
So, be careful with your trades. Book profits if there are any, use SL, and place orders 8%-10% below the current price.
