USDT DOMINANCE ON A HEAVY RESISTANCE
Welcome to this important USDT dominance update.
Guys look at this USDT dominance chart in 2 days timeframe. I think it’s time to accumulate BTC and altcoins. Dominance is on the verge to fall. We have strong resistance at 5% and it is highly likely to get rejected from here. The RSI is overbought and eventually it has to come down. BTC and ETH on the other hand are holding good support.
If the dominance breaks and daily close above the resistance level then I will exit all my accumulation. This is something that could happen but my biased is towards the rejection of the dominance.
What do you think about the USDT dominance? Do you own research before investment.
Note: I am accumulating all my trades on spot. No leverage trading as of now.
Trade safe.
Guys look at this USDT dominance chart in 2 days timeframe. I think it’s time to accumulate BTC and altcoins. Dominance is on the verge to fall. We have strong resistance at 5% and it is highly likely to get rejected from here. The RSI is overbought and eventually it has to come down. BTC and ETH on the other hand are holding good support.
If the dominance breaks and daily close above the resistance level then I will exit all my accumulation. This is something that could happen but my biased is towards the rejection of the dominance.
What do you think about the USDT dominance? Do you own research before investment.
Note: I am accumulating all my trades on spot. No leverage trading as of now.
Trade safe.
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