USDT DOMINANCE: NOT GIVING UP!!!
Hey folks, welcome to my new update on USDT Dominance.
If you are viewing my post for the first time then do hit the like button and graciously follow as well. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market.
'I'm not giving up' I guess that's the song the USDT.D is singing right now and the market is watching. Jokes apart, the USDT.D is holding strong support at the bottom trendline. I guess we are closing down to the edge of the decisive moment and looking into the present scenario I am gonna analyze some valid points for a clear picture.
1. The USDT.D has been rejecting from the 5% resistance level and also it has been bouncing back from the yellow dotted supporting trendline. Comparing both levels, the resistance seems stronger than the support and I am expecting a rejection towards 3.77% soon.
2. If the USDT.D manages to break above the 5% resistance level, still it needs to break through the yellow dotted upper trendline. The 21 MA is also strong support for the USDT.D which isn't good for the market.
So, I have said this before and I am still sticking to these words if the USDT.D breaks the 5% ceiling (resistance) then I am gonna exit my trades and will look for a better entry-level.
What do you guys think about the USDT dominance? Will it get rejected or will it breakout?
Let me know your thoughts in the comments.
Do like and follow for more interesting updates.
Good hours ahead.
Thank you.
If you are viewing my post for the first time then do hit the like button and graciously follow as well. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market.
'I'm not giving up' I guess that's the song the USDT.D is singing right now and the market is watching. Jokes apart, the USDT.D is holding strong support at the bottom trendline. I guess we are closing down to the edge of the decisive moment and looking into the present scenario I am gonna analyze some valid points for a clear picture.
1. The USDT.D has been rejecting from the 5% resistance level and also it has been bouncing back from the yellow dotted supporting trendline. Comparing both levels, the resistance seems stronger than the support and I am expecting a rejection towards 3.77% soon.
2. If the USDT.D manages to break above the 5% resistance level, still it needs to break through the yellow dotted upper trendline. The 21 MA is also strong support for the USDT.D which isn't good for the market.
So, I have said this before and I am still sticking to these words if the USDT.D breaks the 5% ceiling (resistance) then I am gonna exit my trades and will look for a better entry-level.
What do you guys think about the USDT dominance? Will it get rejected or will it breakout?
Let me know your thoughts in the comments.
Do like and follow for more interesting updates.
Good hours ahead.
Thank you.
