USDT DOMINANCE: HOLDING THE SUPPORT.

8 ส.ค. 2022

Hello traders, I hope you guys are keeping up well with your health and doing some good trades.

Lately, I have been undergoing an eye treatment due to which I was inactive with my trades and updates. I thank all my well-wishers who DM me, it meant a lot to me.

Anyways, now I am all good and back in action. So, here's a quick update on USDT Dominance in a higher timeframe.

Timeframe: 2 Days.

Recap: In my previous 4 hours update, we expected a bounce towards 7% in the dominance but 6.45% was the highest it went.

Update: In this 2-day TF, the USDT.D is at the 6% support level. We can either expect a bounce back from this level or we may see the USDT.D reaching down to support 2 at 4.8% to 3%.

RSI: The RSI is making a hidden bullish divergence which is quite interesting to see.

Conclusion: Things are pretty tight and trading in this kind of situation is quite risky. Please note that this chart is in a higher TF so shorter TF scalping is better caused the market will be volatile.

I hope this update was helpful for you.

Happy trading.