#USDT.DOMINANCE WEEKLY UPDATE BY CRYPTOSANDERSWelcome to this quick USDT.D analysis.
I have tried my best to bring the best possible outcome in this chart.
As we mentioned in our last update that USDT.D will bounce from the yellow trade line and it bounced right from the yellow trade line and currently moving towards red tradeline or upper trend line. We hope that USDT.D will reject from the red trade line after that we will be able to see some good rally in ALT coins
Sorry for my English it is not my native language.
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Usdtdominancesell
USDT Dominance bouncing, Opportunities ahead?Welcome to this short update on USDT Dominance.
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*9 Years in Trading!
*7 years in Crypto
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*No Bias
*All-time Top Author on various assets and index charts globally.
*Very Active Community during both bull and Bear Market
Let's get to the chart,
The index broke down below the triangle and is currently trying to reach the 4.80% level.
A breakout above this triangle would be bad for the whole market.
Though the PA is pointing towards a possible rejection from the upper resistance zone.
This short-term pump is giving us a good opportunity to get Into alts cheaper.
Let me know what you think.
Do hit the like button if you want me to keep this chart updated and post more.
Thank you
#PEACE
USDT Dominance Lower time frame Update.Welcome to this short update on USDT Dominance.
Reasons to Follow me?
*9 Years in Trading!
*7 years in Crypto
*Certified Technical Analyst
*Record Holder of Most liked Bitcoin Chart on Tradingview.
*Consistent updates on Markets and Trade Setups
*No Bias
*All-time Top Author on various assets and index charts globally.
*Very Active Community during both bull and Bear Market
USDT Dominance is looking weak atm, trading inside a symmetrical triangle.
Break and close below this triangle will trigger a rally across the market.
For now, this initial rejection will result in the bounce in many altcoins and even BTC.
The chart shows the possibility of a retracement towards the 4.47% level which also happens to be the lower support trendlline.
Taking some positions into alts could be a good idea as the risk is low here and rewards better.
DYOR before taking any trades.
If you like this useful info, do hit the like button and share your views in the comment section.
Thank you
#PEACE