USDT DOMINANCE: THE BIGGER PICTURE
Hey traders, I hope you all are doing great. Here's a quick update on the USDT Dominance in a 2-day timeframe.
The USDT.D is still above the support 1 level showing the possibility of a bounce back anytime soon. With the RSI at the oversold zone, the chances are higher. The crypto market movement has been good and needs a correction to balance the chart. With the weekly close below
36K
on BTC, rejection is most likely to follow.
If the USDT.D breaks down below the support 1 level, then we will see some great green boost on BTC and other altcoins and support 2 will become the new support level for the dominance.
That's it from my end. I hope you find this post information.
Thank you and trade safely.
The USDT.D is still above the support 1 level showing the possibility of a bounce back anytime soon. With the RSI at the oversold zone, the chances are higher. The crypto market movement has been good and needs a correction to balance the chart. With the weekly close below
36K
on BTC, rejection is most likely to follow. If the USDT.D breaks down below the support 1 level, then we will see some great green boost on BTC and other altcoins and support 2 will become the new support level for the dominance.
That's it from my end. I hope you find this post information.
Thank you and trade safely.
