USDT DOMINANCE: ANOTHER DILEMMA.
Hello traders, the USDT dominance is once again in a junction of a difficult decision. This is not the first time we are facing this issue.
Timeframe: 12 hours.
Preview: We expected a drop in the USDT dominance but the chart got invalidated.
Update: In this 12 hours timeframe, the USDT.D is perfectly following the trendline and we can see a decent drop right after the pump yesterday. This drop once again is right at the 21 MA support level. If you remember, I mentioned a few weeks ago that rejection is long pending for dominance which is true but the main question is 'WHEN'?
When are we going to see a big dump in the dominance and a rally for the rest of the market? This is something that is quite confusing to tell in this scenario. For now, all I can see is either a rally toward the 8.2% resistance or rejection toward the 7.2% support.
Better be prepared for any situation at this moment. 7 and half hours still to go for this 12 hours candle to close.
I hope this update will be helpful. Trade safely.
Timeframe: 12 hours.
Preview: We expected a drop in the USDT dominance but the chart got invalidated.
Update: In this 12 hours timeframe, the USDT.D is perfectly following the trendline and we can see a decent drop right after the pump yesterday. This drop once again is right at the 21 MA support level. If you remember, I mentioned a few weeks ago that rejection is long pending for dominance which is true but the main question is 'WHEN'?
When are we going to see a big dump in the dominance and a rally for the rest of the market? This is something that is quite confusing to tell in this scenario. For now, all I can see is either a rally toward the 8.2% resistance or rejection toward the 7.2% support.
Better be prepared for any situation at this moment. 7 and half hours still to go for this 12 hours candle to close.
I hope this update will be helpful. Trade safely.
coincall.com/r/43438887
Trade crypto options and futures on Coincall for great onboarding bonuses and a premium trading experience.
Trade crypto options and futures on Coincall for great onboarding bonuses and a premium trading experience.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.