Hello, community members welcome to another USDT DOMINANCE chart update.
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As it is evident from the above-mentioned chart that USDT DOMINANCE got rejected from the upper trend line resistance and moved downside by 18% which is a pretty good downside move.
In the current scenario, USDT DOMINANCE broke downside the upper mid trend line and currently trading below which is a good signal for bull traders to get into some long positions.
USDT DOMINANCE needs to hold this level and lose some more % to print more green candles in ALT coins.
A candle that closes above the mid-dotted trend line will be the reversal point for USDT DOMINANCE.
RSI also trading at 39% and moving downside. MACD also printed red bars with bearish crossover.
Let’s see how USDT DOMINANCE performs in upcoming hours.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
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