USDT Dominance in Daily Timeframe

USDT Dominance Update:

The USDT dominance chart shows a symmetrical triangle pattern, suggesting a potential breakout in either direction.

Currently, it is facing a resistance at 4.8% and if the resistance stays strong then a 7% rejection is likely possible.

Key Levels to Watch:

~ Resistance around the 4.80% level.
~ Support around the 4.50% level.

ความคิดเห็น:

Update on the USDT Dominance:

Timeframe: Daily

The USDT.D is getting rejected from the resistance trendline, indicating a possible downtrend in the upcoming week.

Does this mean the following week could be green for the market?

Possibly yes!

Here are some important key points to consider:

~ The daily close must be in red.
~ If the dominance breaks out and closes above 4.8% on the daily timeframe, then the rejection will be invalidated.

Do your own research before investing.

Regards,
Team Dexter.