USDT DOMINANCE: STILL MORE TO DROP.
Hello traders,
Here's a quick update on USDT Dominance in 4 hours timeframe.
The USDT.D dropped as expected. The dominance has been continuously getting rejected from the resistance trendline and then finally after the weekly close, it dropped making a long red candle. According to the T.A, the dominance can still drop up to the 5.7% level which could be a good area for BTC to reach the $32.2k resistance level.
What's your thought on this? Do let me know.
Like and follow for more.
Thank you.
Here's a quick update on USDT Dominance in 4 hours timeframe.
The USDT.D dropped as expected. The dominance has been continuously getting rejected from the resistance trendline and then finally after the weekly close, it dropped making a long red candle. According to the T.A, the dominance can still drop up to the 5.7% level which could be a good area for BTC to reach the $32.2k resistance level.
What's your thought on this? Do let me know.
Like and follow for more.
Thank you.
I am sorry guys. The Dominance didn't play out as expected. It jumped straight up out of nowhere breaking the resistance level. Things look pretty sick here.