📈 Tether Dominance Bounce (Upwards Correction)When a strong support level breaks, it is normally revisited but as resistance.
The market will test this level to see if it holds.
Tether Dominance moved daily below EMA300, MA200 and the rest of the moving averages.
These levels were working as strong support.
It is likely the index will move in an upwards correction to test this level as resistance.
➖ If it holds, the index will resume lower and hit new lows.
➖ If it breaks, well...
The RSI went deep down, weak/oversold for weeks...
It might be early to call this but the volume behaviour is changing.
Namaste.
