USDC Dominance broke and closed below EMA50 last week for the first time since February 2020.
When this happened back in February it only lasted 6 weeks below this indicator and then moved back up... This time things are likely to be different.
USDC.D Peaked June 2022 and has been printing lower highs.
These lower highs will lead to lower lows.
USDC is a stablecoin and when its dominance goes down, crypto, Bitcoin & Altcoins, goes up!
Multiple support levels are still in the way.
These are 4.15%, 3.43% and 2.40%.
Trading volume is also low on the drop... We have a bearish chart but lacking momentum.
Maybe the bearish momentum will build up later or maybe it will recovery?
Not likely, USDC will be used to buy BTC.
Namaste.
When this happened back in February it only lasted 6 weeks below this indicator and then moved back up... This time things are likely to be different.
USDC.D Peaked June 2022 and has been printing lower highs.
These lower highs will lead to lower lows.
USDC is a stablecoin and when its dominance goes down, crypto, Bitcoin & Altcoins, goes up!
Multiple support levels are still in the way.
These are 4.15%, 3.43% and 2.40%.
Trading volume is also low on the drop... We have a bearish chart but lacking momentum.
Maybe the bearish momentum will build up later or maybe it will recovery?
Not likely, USDC will be used to buy BTC.
Namaste.
🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.