USDT DOMINANCE: BROKEN DOWN BELOW THE SUPPORT LINE.
Hello traders, The USDT Dominance has finally broken down below the support line in the weekly timeframe. This has been a long-awaited breakdown and finally, it's happening. Still, it needs another confirmation and that is a breakdown and close below the 21 MA. If this happens to be true then we can expect the USDT.D close to 5% which is going to be a huge deal for BTC and other altcoins. Another possibility is the 'kiss of death' move toward 8.32% and then the final drop.
This is my analysis for now. Let's see how it will play out.
Thank you for reading. See you in the next update.
Trade safely.
This is my analysis for now. Let's see how it will play out.
Thank you for reading. See you in the next update.
Trade safely.
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