USDT DOMINANCE BOUNCING BACK!!!
Welcome members to this update on USDT Dominance.
Okay, let me keep this short and simple.
The USDT.D holds important support at the 3.77% level. If you remember my previous update from March 10 then in that post I mentioned the 3.77% as an important support for USDT.D. This is the exact same level from where the USDT.D bounced last time.
For now, we need to keep track of the 21 MA. If the USDT.D breaks above the 21 MA then there is a higher possibility that USDT.D will rally higher which clearly indicates that BTC and other altcoins will dump pretty bad.
Note: The 3.77% is no joke here and the rise in RSI from the oversold level is giving an extra boost to it.
Let us be extra cautious here and trade safely.
I will update you about the market time and again so do follow up and keep in touch.
Thank you.
Okay, let me keep this short and simple.
The USDT.D holds important support at the 3.77% level. If you remember my previous update from March 10 then in that post I mentioned the 3.77% as an important support for USDT.D. This is the exact same level from where the USDT.D bounced last time.
For now, we need to keep track of the 21 MA. If the USDT.D breaks above the 21 MA then there is a higher possibility that USDT.D will rally higher which clearly indicates that BTC and other altcoins will dump pretty bad.
Note: The 3.77% is no joke here and the rise in RSI from the oversold level is giving an extra boost to it.
Let us be extra cautious here and trade safely.
I will update you about the market time and again so do follow up and keep in touch.
Thank you.
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