On the daily timeframe, USDT dominance is showing a bearish divergence:
Price Action: Higher highs
RSI: Lower highs
This indicates potential weakness in USDT dominance. However, we need today’s candle close for confirmation.
If confirmed, we could see a drop in USDT dominance from 4.5% to 3.8%, which may trigger a strong recovery in the crypto market.
Traders holding major losses may get an opportunity to reevaluate their positions. Let’s watch how this unfolds in the next 24 hours.
🔔 Stay prepared & manage risk wisely!
Price Action: Higher highs
RSI: Lower highs
This indicates potential weakness in USDT dominance. However, we need today’s candle close for confirmation.
If confirmed, we could see a drop in USDT dominance from 4.5% to 3.8%, which may trigger a strong recovery in the crypto market.
Traders holding major losses may get an opportunity to reevaluate their positions. Let’s watch how this unfolds in the next 24 hours.
🔔 Stay prepared & manage risk wisely!
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FOLLOW MY TELEGRAM CHANNEL FOR FREE : bit.ly/3JfrpgV
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.