Following the previous analysis USDT dominance dropped and has now reached the indicated ascending trendline.
Whether it will be supported here (followed by another upward move) or it will cross below the trendline is still unclear and we will have to wait a bit more to see the market's decision and open positions accordingly.
As said previously we don't expect USDT.D to cross above its long term descending trendline therefore we are hopeful for a good drop in USDT dominance and good pumps across the market.
Whether it will be supported here (followed by another upward move) or it will cross below the trendline is still unclear and we will have to wait a bit more to see the market's decision and open positions accordingly.
As said previously we don't expect USDT.D to cross above its long term descending trendline therefore we are hopeful for a good drop in USDT dominance and good pumps across the market.
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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.