USDT Dominance Update
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What if the USDT Dominance pumps 6% from the current level? 👀
The weekly close is here so let's be cautious with our trades.
Do your own research before investing.
The weekly close is here so let's be cautious with our trades.
Do your own research before investing.
Nota
The USDT.D is at the resistance level. BTC and altcoins have witnessed some heavy crashes.
What's next?
A pump in the market or another leg down?
It all depends on one thing: the daily close of the USDT.D. The daily close must stay below the resistance level of 5.2%.
If the daily close is above the 5.2% resistance, we will likely see more dumps in the market. On the other hand, if the USDT.D closes below 5.2%, a rejection pattern is likely to form, which will eventually help the market to bounce back.
I hope you find this update helpful.
Trade safely and do your own research before investing.
Nota
The USDT Dominance daily close was below the 5.2% resistance.
As we mentioned earlier, a rejection from this resistance will likely pump the market this week.
This rejection looks good for BTC and the altcoins.
#Crypto
Nota
USDT Dominance Update
USDT.D is still trending below the resistance level, indicating a higher chance of rejection, which means there is room for BTC and altcoins to pump.
Invalidation Point: A breakout and close above the resistance trendline (5.2%) on the daily timeframe.
Trade safely.
Regards,
Team Dexter
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