DO OR DIE TIME FOR USDT.D...Will the 21 EMA hold?๐ฅ๐ฅ๐ฅ
USDT Dominance update:
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The USDT.D is in a make or break position. Currently the only resistance for an increase is the 21 EMA. Let's hope this resistance remains strong so that Bitcoin & altcoins can continue their rally.
If the 21 EMA does not hold, we will see a double bottom which would mean that the USDT dominance could drift back up to the 4.8% range which would mean the prices of Bitcoin & altcoins would decrease.
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Namaste ๐
Hi everyone, This is The Unbounded. One of the newest and most active trading view authors and fastest-growing communities. Please consider following me for the latest market updates and mid and long-term Long / Short calls. Let's get to the chart!
The USDT.D is in a make or break position. Currently the only resistance for an increase is the 21 EMA. Let's hope this resistance remains strong so that Bitcoin & altcoins can continue their rally.
If the 21 EMA does not hold, we will see a double bottom which would mean that the USDT dominance could drift back up to the 4.8% range which would mean the prices of Bitcoin & altcoins would decrease.
โญ If you liked this content, please consider subscribing and giving it a Thumbs Up ๐. If you have any feedback or suggestions, please leave a comment below as I answer each comment.
Namaste ๐
