USDT Dominance Update

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.

Komentarz:

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.

Komentarz:

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

Komentarz:

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