BULL MARKET CONFIRM!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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'I'm not giving up' I guess that's the song the USDT.D is singing right now and the market is watching. Jokes apart, the USDT.D is holding strong support at the bottom trendline. I guess we are closing down to the edge of the decisive moment and looking into the present scenario I am gonna analyze some valid points for a clear picture.
1. The USDT.D has been rejecting from the 5% resistance level and also it has been bouncing back from the yellow dotted supporting trendline. Comparing both levels, the resistance seems stronger than the support and I am expecting a rejection towards 3.77% soon.
2. If the USDT.D manages to break above the 5% resistance level , still it needs to break through the yellow dotted upper trendline. The 21 MA is also strong support for the USDT.D which isn't good for the market.
So, I have said this before and I am still sticking to these words if the USDT.D breaks the 5% ceiling (resistance) then I am gonna exit my trades and will look for a better entry-level.
As I mentioned in my previous chart if USDT DOMINANCE closes the daily candle below 21ma so then we can accept a drop up
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
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