USDT DOMINANCE: IS IT A RETEST???
Welcome members to this update on USDT DOMINANCE.
If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest at my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on them or use them to understand the market.
The USDT.D is at the zone where you get a mixed feeling in your mind. THe USDT.D is still above the 4.14% support level and the current price movement looks like a retest. It is a decisive zone for dominance right now and it is clearly creating two scenarios.
1. The USDT.D will bounce back hard up to a 5% resistance level.
2. Further rejection, back to the 3.77% support level.
These two scenarios are fully dependent on that one single support line. It will be wise enough to wait for the weekly close and see where the market is heading.
Some coins to keep an eye on will be C98, GALA, ALPHA, and TOMO.
I will update more on it so do follow and like my ideas.
Thank you.
If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest at my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on them or use them to understand the market.
The USDT.D is at the zone where you get a mixed feeling in your mind. THe USDT.D is still above the 4.14% support level and the current price movement looks like a retest. It is a decisive zone for dominance right now and it is clearly creating two scenarios.
1. The USDT.D will bounce back hard up to a 5% resistance level.
2. Further rejection, back to the 3.77% support level.
These two scenarios are fully dependent on that one single support line. It will be wise enough to wait for the weekly close and see where the market is heading.
Some coins to keep an eye on will be C98, GALA, ALPHA, and TOMO.
I will update more on it so do follow and like my ideas.
Thank you.
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