USDT DOMINANCE: WARNING WAS GIVEN.
Hello traders, I hope you guys are safe and sound. The market took a major drop as expected and if you have followed my previous USDT dominance update then you are safe.
Here's a quick update on USDT dominance.
Timeframe: 6 hours.
Recap: The USDT.D did break out immensely with a straight 11.8% pump from the breakout point.
Update: The warning was already given in my previous update and if you have actually followed it then you are in profit. The recent gain in the USDT.D is quite impressive but as we all know that nothing goes up or down all the time. The USDT.D is already 11.8% up and as per the analysis, we have the resistance level between 7% to 7.13%. That could possibly be a decent rejection area for the dominance.
RSI: The RSI is in the overbought zone which indicates a rejection to be somewhere around the corner.
Accumulation zone: If the USDT.D assures a rejection then we can start accumulating the market on spot.
I hope this update was helpful to you. Do like, share, and comment to support my ideas.
Thank you.
Here's a quick update on USDT dominance.
Timeframe: 6 hours.
Recap: The USDT.D did break out immensely with a straight 11.8% pump from the breakout point.
Update: The warning was already given in my previous update and if you have actually followed it then you are in profit. The recent gain in the USDT.D is quite impressive but as we all know that nothing goes up or down all the time. The USDT.D is already 11.8% up and as per the analysis, we have the resistance level between 7% to 7.13%. That could possibly be a decent rejection area for the dominance.
RSI: The RSI is in the overbought zone which indicates a rejection to be somewhere around the corner.
Accumulation zone: If the USDT.D assures a rejection then we can start accumulating the market on spot.
I hope this update was helpful to you. Do like, share, and comment to support my ideas.
Thank you.
coincall.com/r/43438887
Trade crypto options and futures on Coincall for great onboarding bonuses and a premium trading experience.
Trade crypto options and futures on Coincall for great onboarding bonuses and a premium trading experience.
Related publications
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.