USDT DOMINANCE: ARE WE DONE WITH THE RALLY?
Hello traders, welcome to this USDT Dominance weekly update.
The USDT.D might be dropping down in a lower timeframe but in a higher timeframe, it is yet to reach the resistance level which is at 11.43%. It is also possible that the USDT.D may get rejected from here as it did in the past (July 2021). I hope you can relate all this to my BTC, ETH, and USDC.DOM updates. If you have paid attention then you will notice that in a higher timeframe, everything is indicating the beginning of the 3rd quarter (July) to be positive for the market.
I may be right, or I may be wrong but I trust my instinct and my T.A. We are still at the end of the 2nd quarter and even now the market can move in any direction. The upcoming weekly close will be important so be extra cautious with your trades.
If there are any scalping opportunities then I'll update until then take care.
The USDT.D might be dropping down in a lower timeframe but in a higher timeframe, it is yet to reach the resistance level which is at 11.43%. It is also possible that the USDT.D may get rejected from here as it did in the past (July 2021). I hope you can relate all this to my BTC, ETH, and USDC.DOM updates. If you have paid attention then you will notice that in a higher timeframe, everything is indicating the beginning of the 3rd quarter (July) to be positive for the market.
I may be right, or I may be wrong but I trust my instinct and my T.A. We are still at the end of the 2nd quarter and even now the market can move in any direction. The upcoming weekly close will be important so be extra cautious with your trades.
If there are any scalping opportunities then I'll update until then take care.
