USDT DOMINANCE: IT WASN'T ENOUGH TO BREAK THROUGH.
Welcome members,
Yesterday's market was scary when we saw USDT Dominance breaking through the resistance but looks like the volume wasn't enough to break the ceiling. The USDT dominance failed to break the resistance level at 5% for the fourth time which makes it a very important resistance level. Rejection in USDT dominance is good for the market but if it breaks the resistance then the market is doomed. I strongly believe that we will possibly see some further rejection on the USDT dominance keeping in mind all the odds. Breaking below the 21 MA will confirm a drop towards the 3.77% support level. The RSI on the other hand is still showing weak momentum.
Let's see what comes next.
Share your ideas on USDT dominance. I would be happy to know about it.
Do like and follow for more interesting updates.
Thank you.
Yesterday's market was scary when we saw USDT Dominance breaking through the resistance but looks like the volume wasn't enough to break the ceiling. The USDT dominance failed to break the resistance level at 5% for the fourth time which makes it a very important resistance level. Rejection in USDT dominance is good for the market but if it breaks the resistance then the market is doomed. I strongly believe that we will possibly see some further rejection on the USDT dominance keeping in mind all the odds. Breaking below the 21 MA will confirm a drop towards the 3.77% support level. The RSI on the other hand is still showing weak momentum.
Let's see what comes next.
Share your ideas on USDT dominance. I would be happy to know about it.
Do like and follow for more interesting updates.
Thank you.
