USDT.D LOOKS BEARISH IN LTF!!
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I have tried my best to bring the best possible outcome to this chart, Do not consider it as financial advice.
#USDT DOMINANCE ANALYSIS
It is moving in a descending triangle and currently it going to test the upper resistance which is also a previous higher high point. MACD crossover is showing bearish momentum. We have to wait for a successful breakdown of descending triangle which will confirm a downward move in it and that would be a bullish sign for the market as USDT dominance works opposite to the crypto market.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider it as financial advice.
#USDT DOMINANCE ANALYSIS
It is moving in a descending triangle and currently it going to test the upper resistance which is also a previous higher high point. MACD crossover is showing bearish momentum. We have to wait for a successful breakdown of descending triangle which will confirm a downward move in it and that would be a bullish sign for the market as USDT dominance works opposite to the crypto market.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
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