USDT DOMINANCE: HEAD & SHOULDER PATTERN.

25 авг. 2022 г.

Hello traders, I hope you guys are doing well. Here is a quick update on USDT dominance.

Timeframe: 1 day.

Recap: In my previous video, I mentioned 7% to 7.13% as resistance levels. According to the chart, the dominance reached 6.9% and then a slight rejection.

Update: To confirm an actual drop in the USDT.D, it has to break below two important levels-
1. The 21 MA at 6.2%, and
2. 5.7% support level.
Now, if the dominance drops to 5.7%, it will be more than enough for BTC and other altcoins to gain a good rally. And if this H&S pattern is so good to be true then we will witness a good rally in the market.

Key levels: 21 MA and 5.7% support level.

I hope this update was helpful. Do like, share, and comment. I would love to know your ideas on this one.

Trade safely and thank you for your support.