USDT DOMINANCE: BE WATCHFUL.
Hello guys, welcome to this private update on USDT dominance.
In this 2 hours chart, the USDT dominance is under an expanding triangle pattern which technically is a bullish pattern. We have already seen in the daily timeframe that USDT dominance is holding the support level of 6.5% and until and unless it breaks below this level, a big move in the market will remain pending. For now, I am expecting the USDT.D to move toward 6.87% resistance which means, we may see some correction in the market.
So, be careful with your trades. Book profits if there are any, use SL, and place orders 8%-10% below the current price.
In this 2 hours chart, the USDT dominance is under an expanding triangle pattern which technically is a bullish pattern. We have already seen in the daily timeframe that USDT dominance is holding the support level of 6.5% and until and unless it breaks below this level, a big move in the market will remain pending. For now, I am expecting the USDT.D to move toward 6.87% resistance which means, we may see some correction in the market.
So, be careful with your trades. Book profits if there are any, use SL, and place orders 8%-10% below the current price.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.