#BTC RETESTING UPPER TREND LINE!!Hello everyone welcome you all to this exclusive BTC 4hr chart update.
If you find my updates helpful and productive, hit the like button follow and comment your view in the comment section, this motivates me to bring this kind of update regularly.
Let’s look into the chart,
As BTC performed well and was able to break 4 weeks of resistance, currently resting after a rally of 28%.
In the scenario, BTC is likely to retest the upper resistance level of $22700 and bounce towards the upper resistance level of $28k in the upcoming days.
BTC needs to hold this level otherwise breaking below will lead BTC again towards its lower price level of $20k.
NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update.
If you have anything to ask about this analysis you can ask in the comment section.
This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
Usdtdominance
Bitcoin (BTC) - July 21Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1W Chart)
Resistance: 27033.35-29812.52
1st support: 21475.02
Second support: 13137.51-15916.68
In order to turn into an uptrend and continue a full-fledged uptrend, it needs to rise above the ellipse shown on the chart to be supported.
Therefore, it is highly likely that an uptrend will begin when it rises above 29812.52.
- As the RSI indicator is located in the oversold zone, you can see that it is located in the low low zone.
- The Stoch RSI indicator is rising and is expected to enter the overbought zone soon.
When the Stoch RSI enters the overbought zone, it is expected that the RSI will break out of the oversold zone.
It will also form a short-term high, so it is likely to create the first pull back pattern.
With this first pull back pattern, there is a possibility that it will move back towards the 21475.02 area, but the key is whether it can break out of the downtrend line.
We need to see if we can break through the intersection of horizontal and diagonal Fibonacci upwards.
- On the CCI-C indicator, the CCI line is located in the range of -100 to +100, so it can be considered as a sideways section.
So, we need to see if we can continue the uptrend by moving above the 0 point and see if we can see a full-fledged uptrend by moving above the +100 point.
(1D chart)
The key is to maintain the price above the 21475.02-22487.41 zone and move towards the resistance zone.
The maximum possible climb is expected to be 27033.35-29812.52.
If it falls below 21475.02 and finds resistance, there is a possibility of a sharp drop, so trade cautiously.
At this time, the key is whether it is supported in the vicinity of 18719.11.
------------------------------------------------------------ -----------
- The US 100 CFD (Nasdaq) chart moved higher to the 12212.6-12932.3 section, an important support and resistance section.
The key is to find support and move higher on the 1W chart at 12374.1, which is likely to move higher.
- If BTC dominance rises when BTC price rises, altcoins are likely to go sideways or fall.
This is because the funds are concentrated towards BTC.
- At this time, the important thing is that the USDT dominance should decrease.
This is because when the USDT dominance rises, it means that the sell-off is dominant in the coin market.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
USDT DOMINANCE: ENTERING THE SUPPORT ZONE.What's up traders?
Here's a quick update on the USDT Dominance.
Timeframe: 4 hours.
Update: The USDT Dominance broke down below the 7.3% support level in the daily timeframe. This breakdown gave relief to BTC and the other altcoins. Currently, in a lower timeframe, the USDT.D is entering the support line of 5.7%. If that happens then it will be close to a -7% drop which means BTC and other altcoins will have more room to grow.
RSI: We need to keep an eye on the RSI level. The dominance is clearly dropping but the RSI recent low is higher than the previous low (a bullish divergence formation). Looks like the green in the market won't last for long (just an assumption).
Conclusion: Comparing BTC and the USDT.D, we can expect a higher rally in BTC in a short term but don't consider this to be a bull run. We are far away from it. Consider this as a short-term gain to balance the market.
Let me know your opinion on this and correct me if I am wrong. Would love to know your ideas.
Thank you.
USDT DOMINANCE UPDATE!!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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
USDT DOMINANCE is trading above this second support needs to break down support then we can expect a
we still accept drop According to the pattern As per my previous dominance update
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
How about a new Spike move?! :DAs u can see #FLM is not that co related to the #BTC or #ETH or even USDT dominance...
i have calculated the #PRZ , Fibo ,and set the safe targets...
due to fundamentals n macro economics we r not expecting any harsh or bad news...whales have removed their orders above 23500 on#CEX and we r not expecting any bearish sharp move...
Flm has seccessfully made a spike move before has done a clean pullback on MA s on different time frames... and if u calculate the last spike move , we can confirm our target safely...
last but not leat the divergence on #RSI is bullish...
:D i hope this analys helps u to make some good cash
Godd luck
Bitcoin (BTC) - July 20Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDTPERP 1D Chart)
The key is whether you can break through the bullish channel of the two uptrend lines upwards.
If the upward break fails, you should check to see if support is found in the 21481.1-22471.5 section.
The 27054.1-29840.6 interval is the interval that determines the trend.
Therefore, if you touch this section and fall, you need Stop Loss to preserve profit and loss.
As mentioned before, the coin market is experiencing liquidity problems.
Therefore, in order to solve these problems, funds must flow into the coin market.
Whether the money in the coin market is flowing in or out can be easily seen with the USDT and USDC charts.
Although a lot of money has flowed into the coin market, funds have started to flow out of the coin market due to recent global issues.
In addition, when services such as deposit services (Earn, Staking, Farm, Landing) are activated in the coin market, funds are stagnant.
The liquidity problem that has arisen from this is a problem that the coin market has to face in order to expand into a larger market.
Due to this, I think that the structural problems of the coin market and various problems of coins and tokens will be supplemented.
For the coin market to lead to a full-fledged uptrend, it must rise above 29K.
To do this, I think that funds must first flow into the coin market.
Otherwise, we don't expect the bullish to continue even if it rises above 29K.
(US 100 CFD (Nasdaq) 1W Futures Chart)
The 12212.6-12932.3 zone is an important support and resistance zone.
Therefore, it is important to be supported and continue the uptrend within this section.
(1h chart)
** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended.
The key is whether it can be supported by rising to the 23K-25K section.
If it is not supported, you should check to see if it is supported at 21481.1 or higher.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
Bitcoin (BTC) - July 19hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1W Chart)
Resistance: 27033.35-29812.52
1st support: around 21475.02
Second support: 13137.51-15916.68
You need to check if it can be supported at 21475.62 or higher.
Since the RSI indicator has not yet moved out of the oversold zone, careful trading is required.
(1D chart)
It is necessary to check whether there is any movement out of the section 18719.11-22487.41.
The next volatility period will be around July 25th, but it will be important to be able to touch the resistance zone of the two bands shown on the chart by around August 10th.
To do that, you need to keep the price above 21475.02.
For the coin market to show an overall upward trend, it must rise above 29812.52.
So, the current movement is likely a rebound from a downtrend.
Therefore, it is necessary to increase the holding quantity while responding to short-term trading.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
---------------------------------
USDT.D / BTC comparison 19/07Tether and stablecoins flowing into alts, BTC dominance leave space for ETH
the last bull run all started with prolonged BTC.D growth,
an altseason at that point could hurt some more BTC and prevent dubious coins to be purged,
but it can also reward bold and innovative project.
Not sure what to think of the recent PA,
lot of similarity with previous bear flag before the drop to 17600$
Bitcoin (BTC) - July 18Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDTPERP 1D Chart)
The key is whether you can move above 21481.1 and break out of the downtrend line.
A break from the downtrend line is expected to lead to further upside.
At this time, the key is whether it can rise above 22471.5.
If it falls below 18741.7, it may move towards the 15908.2 area, so trade cautiously.
If support is found in the 13121.7-15908.2 section and rises, it is possible that an uptrend for a reversal of the trend may begin.
(US 100 CFD (Nasdaq) 1D Futures Chart)
()
For a trend reversal, it needs to move higher than 12212.6.
However, you need to be careful as there may be wiggles to reverse the trend.
The 11728.0 point is the demarcation point between an uptrend and a downtrend in the long term.
Therefore, the key is whether it is supported above 11728.0.
(USDT.D 1W chart)
()
A decline in USDT dominance is likely to lead to a rise in the coin market as a whole.
However, stable coins such as USDT and USDC are highly likely to show an upward trend in the coin market only when they show an upward trend because funds move through them.
Therefore, it is only natural that USDT dominance is showing an overall upward trend.
When funds flowed through stablecoins such as USDT and USDC start buying, the dominance begins to decline.
(A gap occurs when new funds flow into or out of the coin market.)
The key is whether it can break below the uptrend line and move below 5.92.
You should also check to see if it rises to around 13.75, which you previously touched with a strange sign.
We just hope that an ascent near 13.75 doesn't happen.
This is because a rise in USDT dominance is likely to lead to a downtrend in the coin market as a whole.
(BTC.D 1W Chart)
()
A decline in BTC dominance is likely to lead to a rise in altcoins.
This makes the asking price of BTC thinner, making it more likely to be volatile.
Therefore, as the BTC price leads the rise, the coin market as a whole will show an uptrend only when the BTC dominance rises and then falls.
A rise in BTC dominance is likely to lead to a decline in altcoins.
Summarizing this,
- When BTC dominance is on a downward trend, trade mainly with altcoins,
- When BTC dominance is on an upward trend, it is recommended to trade mainly with BTC.
As the coin market as a whole is in a downtrend, it's a good idea to watch and not trade.
However, starting trading with some funds in the section considered to be the bottom section is likely to seize an opportunity, so I think it is worth a try.
As mentioned above, you need to shake up and down to reverse a trend.
Then, volatility will occur frequently.
You need to think about whether you want to take advantage of this volatility for short-term trading to generate cash returns or increase your holdings.
(BTCUSDTPERP 1h chart)
** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended.
The key is whether you can break out of the downtrend line.
To do that, we also need to see if we can move above 21481.1.
In the CCI-C indicator, if the CCI line falls below the EMA line, it may lead to further declines, so you need to be cautious.
At this time, it is important to be supported near 20564.2.
If it gains support above 21481.1, the key is whether it can move above 22471.5.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
---------------------------------
USDT DOMINANCE UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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
USDT DOMINANCE breakout this first support and currently retesting.
As per my previous dominance update as I mentioned that dominance breakout this symmetrical triangle pattern and it going good.
we still accept drop According to the pattern
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
Bitcoin (BTC) - July 17Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1W Chart)
Resistance: 27033.35-29812.52
1st support: around 21475.02
Second support: 13137.51-15916.68
The key is to get support above 21475.62 and get inside the lower end of the Bollinger Bands (60).
Since the RSI indicator has not yet moved out of the oversold zone, careful trading is required.
(1D chart)
It is necessary to check whether there is any movement out of the section 18719.11-22487.41.
The next volatility period is around July 18th.
However, if the price is maintained above the uptrend line passing the 19695.87 point around July 18th, there is a possibility that the price will rise from the volatility period around July 24th.
At this time, the rising section is expected to be 23K-25K.
(BTC.D chart explanation)
A decline in BTC dominance is likely to lead to a rise in altcoins.
This will reduce the trading volume of BTC and increase the possibility of large volatility as the asking price becomes thinner.
Since BTC is not currently leading the rise, it is recommended to trade from a short-term perspective.
At this time, I think it is better to proceed with the transaction in the direction of increasing the holding quantity rather than the cash profit.
However, if you feel that your cash holdings are insufficient, it is better to obtain cash income.
Because when it goes down one more wave, you need money to buy.
(USDT.D chart explanation)
Stablecoins such as USDT and USDC act as a channel for funds to flow into the coin market.
Therefore, USDT and USDC should continue to trend upward.
A rise in USDT and USDC causes the USDT dominance and USDC dominance to rise as well.
However, USDT dominance and USDC dominance decrease when the coin market is on an upward trend, and rise when the coin market is in an uptrend.
This is a phenomenon that occurs when the funds flowing into the coin market are used for trading.
It may be a little difficult to understand, but stablecoins such as USDT and USDC are charts that show the inflow and outflow of funds.
USDT Dominance, USDC Dominance is a chart that shows whether or not funds are being used to trade in the coin market.
For the coin market to become a bull market, USDT and USDC charts must rise first.
Currently, the USDT chart is approaching the boundary between an uptrend and a downtrend.
If this flow continues, more funds are likely to flow out of the coin market via USDT.
However, the USDC chart is maintaining an upward trend.
The recent stablecoin issue seems to have accelerated the movement of funds from USDT to USDC.
However, as the amount of money flowing through USDC is small compared to the amount of money flowing out through USDT, it is judged that funds are flowing out of the coin market as a whole.
In summary, the current coin market is only showing a rebound from a downtrend.
For this rebound to lead to a full-fledged uptrend, it needs to move higher than 29K.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
USDT DOMINANCE: BROKE DOWN THE SUPPORT LINE.Hello traders, welcome to the USDT Dominance update. This update will be the continuation of the previous one.
Timeframe: 1 day.
Update: The USDT.D broke down below the support level in the daily timeframe. This time, it didn't follow the past movements. So, is it good for BTC and other altcoins? Yes, it is but at the same time we need to be careful cause any negative news and the dominance will jump straight inside the trendline again making a fakedown move. We can see that BTC and other altcoins are showing some positive moves which is good and until and unless the USDT.D is below the trendline, the market will remain bullish in a short term.
I will post more updates on this until then trade safely.
Thank you.
Bitcoin (BTC) - July 15Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDTPERP 1D Chart)
The key is whether you can move above 21481.1 and break out of the downtrend line.
(1h chart)
** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended.
An important key is whether it can be supported by rising above the 20570.1-20643.3 section.
The RSI indicator is in the overbought zone and the Stochastic RSI indicator is in the oversold zone.
Volatility is likely as the CCI line is rising above the EMA line and the CCI line is crossing the zero point.
Therefore, mixed prices are expected.
After breaking above the upper line of the Bollinger Bands (60), it is showing a movement to enter the upper line again, so it is highly likely to rise after making a pull back pattern.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
#TETHER/DOMINANCE 4HR CHART UPDATE !!Hello, traders welcome you all to another chart update on USDT DOMINANCE.
If you are reading my update for the first time hit the like button follows and comments in the comment section if you find this analysis helpful.
As we can see in the above-mentioned chart that USDT DOMINANCE broke b below and is currently retesting the lower trend line.
Meltdown from the current level is highly likely in the upcoming hours.
Here USDT DOMINANCE needs to break the local support zone to move downside, which will bring consecutive green candles in USDT pair Altcoins.
The candle close inside the triangle will be the invalidation point of this chat analysis.
NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update.
If you have anything to ask about this analysis you can ask in the comment section.
This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
#ETH/USDT 2HR CHART UPDATE !!Hello, traders welcome you all to another chart update on ETH/USDT.
If you are reading my update for the first time hit the like button follows and comments in the comment section if you find this analysis helpful.
As we can see in the above-mentioned chart that ETH was unable to break above again at the price level of $1270 and meltdown by 7l5% already.
Bounce from the mid-green support zone is likely in the upcoming hours.
Candles close below the green support will lead ETH towards lower price levels.
NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update.
If you have anything to ask about this analysis you can ask in the comment section.
This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
USDT DOMINANCE BREAKOUT: Will it do another fakeout?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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
USDT DOMINANCE breakout this symmetrical triangle pattern and currently retesting.
According to the pattern we can expect a drop from here.
Let’s see if it will reject or it will do another fakeout.
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
USDT DOMINANCE BOUNCING FROM SUPPORT! BEARISH FOR CRYPTO MARKET!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT Dominance update. As I told you in my previous USDT Dominance update that we have a very strong support at 7.0-7.2 level and it is exactly bouncing from this level.
USDT Dominance is already breaks out from the symmetrical triangle and this move to the downside is just a retest. After this successful retest we can expect a good bounce in USDT Dominance which is very bad for BTC and Alts.
For a bullish scenario it has to breaks below the triangle. Any 4hr candle close below 7.0 level will start a bullish rally in BTC and Alts. So keep a close eye on this and take trade accordingly.
What do you think about this?
Do you think it will continue bouncing from here or do you think that it will break below the support this time and we see a bullish rally in the market?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
#BTC AT LOCAL SUPPORT!!Hello, community members welcome to another BTC/USDT chart update.
As we can see in the above-mentioned chart that after a sharp pump of 12% BTC got rejected from the price level of $21700 resistance level.
In the current scenario BTC holding the red MA support well and needs to sustain this level to regain above.
Bounce from the current level will lead towards the upper resistance level at the price level of $21.7k.
Rejection will lead BTC again towards its lower price levels.
Let’s see how it perfumes in the upcoming hours.
NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update.
If you have anything to ask about this analysis you can ask in the comment section.
This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
USDT Dominance correction then bullish continuesHello my friends, This is an update of previous analysis (blow link). Consider USDT market cap to help identify market movement, Everything is marked on the chart. Monitor the price in the circles.
Good Luck.
If its useful please like it as a support and follow me for next analysis :)
USDT DOMINANCE WILL BE ABLE TO BREAK THIS SUPPORT?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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 symmetrical triangle pattern and currently, trying to break the lower support. MACD crossover is showing bearish momentum. We have to wait for a successful breakdown of the symmetrical 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