USDT Dominance in Daily Timeframe
Updated
USDT Dominance Update:
The USDT dominance chart shows a symmetrical triangle pattern, suggesting a potential breakout in either direction.
Currently, it is facing a resistance at 4.8% and if the resistance stays strong then a 7% rejection is likely possible.
Key Levels to Watch:
~ Resistance around the 4.80% level.
~ Support around the 4.50% level.
The USDT dominance chart shows a symmetrical triangle pattern, suggesting a potential breakout in either direction.
Currently, it is facing a resistance at 4.8% and if the resistance stays strong then a 7% rejection is likely possible.
Key Levels to Watch:
~ Resistance around the 4.80% level.
~ Support around the 4.50% level.
Note
Update on the USDT Dominance:
Timeframe: Daily
The USDT.D is getting rejected from the resistance trendline, indicating a possible downtrend in the upcoming week.
Does this mean the following week could be green for the market?
Possibly yes!
Here are some important key points to consider:
~ The daily close must be in red.
~ If the dominance breaks out and closes above 4.8% on the daily timeframe, then the rejection will be invalidated.
Do your own research before investing.
Regards,
Team Dexter.
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