According to my chart and the breakdown of strong dynamic support up to the psychological resistance of 5.00%, the dominance of Tether has now risen for confirmation of a drop to a critical area where static and dynamic resistances have converged. In my opinion, Tether's dominance will experience a significant drop to 3.80. Moreover, it is possible that the U.S. elections may have a sharper impact on it, leading to a drop that is direct and without fluctuations.
Trade closed: target reached
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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.