USDT DOMINANCE: ASCENDING TRIANGLE.
Hello guys, here's a quick update on the USDT dominance in 2 days timeframe.
The USDT dominance is under an ascending triangle pattern and traditionally this pattern is a bullish pattern. However, breaking out above the resistance trendline isn't something that we wanna see in the dominance. The USDT.D has so far managed to hold both support and resistance levels. With the recent price level close to the support line, things look pretty skeptical. If the dominance bounces back from this support line then we may possibly see a major dump in the market. Rejection below the support line or 7.84% will be a good thing for the market.
Trade safely.
The USDT dominance is under an ascending triangle pattern and traditionally this pattern is a bullish pattern. However, breaking out above the resistance trendline isn't something that we wanna see in the dominance. The USDT.D has so far managed to hold both support and resistance levels. With the recent price level close to the support line, things look pretty skeptical. If the dominance bounces back from this support line then we may possibly see a major dump in the market. Rejection below the support line or 7.84% will be a good thing for the market.
Trade safely.
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