USDT DOMINANCE: WHERE IT IS HEADIND?
Hello guys, here's a quick update on USDT dominance in 3 hours time frame.
Preview: In our previous update, we discussed the 7.58% resistance level but saw that it got invalidated.
Update: The recent move in the USDT.D is a mixed feeling between a rally and a rejection. A rally because it is still holding 21 MA and a resistance test towards the 7.9% is pending in this 3-hour TF. A rejection because the RSI is already negative and in 4 hours TF, it is already at the resistance.
In this kind of situation, it is always wise to stay away from this market and wait for confirmation.
Preview: In our previous update, we discussed the 7.58% resistance level but saw that it got invalidated.
Update: The recent move in the USDT.D is a mixed feeling between a rally and a rejection. A rally because it is still holding 21 MA and a resistance test towards the 7.9% is pending in this 3-hour TF. A rejection because the RSI is already negative and in 4 hours TF, it is already at the resistance.
In this kind of situation, it is always wise to stay away from this market and wait for confirmation.
