Welcome folks to this USDT Dominance update in 4 hours timeframe.
The dominance is dropping down red and looks like 4.3% is imminent for the dominance to drop. The USDT.D got rejected exactly from the resistance trendline and currently, it is reading down towards the lower supporting trendline.
We still have 30 mins left for the 4-hour candle to close and around 4 hours left for the daily candle to close. If the USDT.D continues to drop then we may see some greens on BTC and other altcoins.
What do you think about the dominance? Let me know in the comments.
Do like and follow.
Thank you.
The dominance is dropping down red and looks like 4.3% is imminent for the dominance to drop. The USDT.D got rejected exactly from the resistance trendline and currently, it is reading down towards the lower supporting trendline.
We still have 30 mins left for the 4-hour candle to close and around 4 hours left for the daily candle to close. If the USDT.D continues to drop then we may see some greens on BTC and other altcoins.
What do you think about the dominance? Let me know in the comments.
Do like and follow.
Thank you.
Note
The USDT Dominance is getting rejected from the resistance level. If it breaks and closes above the 4.7% resistance then the market might be in danger but rejection will be good for the market.
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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.