USDT Dominance at decisive point. Here's what to expect Next!!
Understanding Dominance:-
USDT Dominance is inversely proportional to market movements.
If it dumps the market will pump and vice versa.
Technical Analysis:-
As we speak the dominance is approaching the resistance zone consisting of two trendlines intersecting each other.
This happens to be an important point for the market.
Remember if you zoom out, a break and close above this channel will result in more dumps in the market.
Whereas if we break the lower support, the green zone. BTC can rally towards 22k again.
Keep in mind we are stuck in the range of 18.5k to 20k.
CONCLUSION:- This last quarter is likely to be bullish IMO so sooner or later, am expecting this range to break to the downside.
Do your own research, this is not financial advice.
If you find this update helpful, Hit the like button and share your views in the comment section.
Thank you
#PEACE
USDT Dominance is inversely proportional to market movements.
If it dumps the market will pump and vice versa.
Technical Analysis:-
As we speak the dominance is approaching the resistance zone consisting of two trendlines intersecting each other.
This happens to be an important point for the market.
Remember if you zoom out, a break and close above this channel will result in more dumps in the market.
Whereas if we break the lower support, the green zone. BTC can rally towards 22k again.
Keep in mind we are stuck in the range of 18.5k to 20k.
CONCLUSION:- This last quarter is likely to be bullish IMO so sooner or later, am expecting this range to break to the downside.
Do your own research, this is not financial advice.
If you find this update helpful, Hit the like button and share your views in the comment section.
Thank you
#PEACE
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