Understanding the Downturn: What's Happening with USDT Dominance
- USDT.D's current trend reflects weakening dominance in the market.
- The breakdown signals potential changes in market sentiment.
- Loss of support at MA 100 suggests a long-term bearish outlook.
- The retest below horizontal support is a critical phase to monitor.
- Future market trends may be influenced by USDT.D's movement.
- The inverse relationship with crypto markets can impact altcoin performance.
- Traders might use USDT.D's movement to gauge risk in the crypto space.
- A continued bearish trend could signal a shift towards other cryptocurrencies.
Yours!
- The breakdown signals potential changes in market sentiment.
- Loss of support at MA 100 suggests a long-term bearish outlook.
- The retest below horizontal support is a critical phase to monitor.
- Future market trends may be influenced by USDT.D's movement.
- The inverse relationship with crypto markets can impact altcoin performance.
- Traders might use USDT.D's movement to gauge risk in the crypto space.
- A continued bearish trend could signal a shift towards other cryptocurrencies.
Yours!
Note
Heading in the right directionNote
Exactly as i predicted. Dominance is at dumped
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Enhance. Trade. Grow
🖥 Website: vectoralgo.com/
✈️ Telegram: t.me/VectorAlgo
🤖 Auto Trading Bot: t.me/VectorAlgo_Bot
🕸 SocialMedia: linktr.ee/vectoralgo
Join for latest signals/updates/advice.
🖥 Website: vectoralgo.com/
✈️ Telegram: t.me/VectorAlgo
🤖 Auto Trading Bot: t.me/VectorAlgo_Bot
🕸 SocialMedia: linktr.ee/vectoralgo
Join for latest signals/updates/advice.
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.