USDT DOMINANCE: BOUNCE BACK.
Hello every one, here's an update on USDT Dominance in the same 2 hours timeframe.
Preview: Previously, we discussed dominance making a double top, and having a higher chance to get rejected. Well, the USDT.D did get rejected making a double top. It got rejected close to -7% and currently bouncing back right from the yellow dotted support line.
Update: This support is the exact support level from where the dominance has bounced not only once or twice but thrice and this is the fourth time that the dominance is bouncing back. If this bounce is good to be true then I am expecting a triple top soon if not then the USDT.D have to break down below the support line to be bearish again.
What are your thoughts on this? Do share your ideas in the comments.
Thank you for your support. It means a lot.
God bless and trade safely.
Preview: Previously, we discussed dominance making a double top, and having a higher chance to get rejected. Well, the USDT.D did get rejected making a double top. It got rejected close to -7% and currently bouncing back right from the yellow dotted support line.
Update: This support is the exact support level from where the dominance has bounced not only once or twice but thrice and this is the fourth time that the dominance is bouncing back. If this bounce is good to be true then I am expecting a triple top soon if not then the USDT.D have to break down below the support line to be bearish again.
What are your thoughts on this? Do share your ideas in the comments.
Thank you for your support. It means a lot.
God bless and trade safely.
