USDT DOMINANCE: 21 MA SUPPORT.
The USDT Dominance has surely been rejected by the horizontal resistance line at 7.25% but 21 MA is not giving up so easily. It is acting as a support for the USDT.D. All we need to see is whether the 21 MA can hold the dominance or not. A further drop will bring the USDT.D close to 6.3% and if bounces back then 7.7%.
I hope the daily close on the dominance will bring some confirmation.
Trade safely.
I hope the daily close on the dominance will bring some confirmation.
Trade safely.
USDT Dominance Update:
The USDT.D did hold the 21 MA support and is recently testing the resistance level of 7.23%. If the USDT.D breaks above the resistance, we can expect a rally toward 7.85%, meaning BTC and other altcoins will dump. On the other hand, if the dominance rejects this resistance then it will be good news for the market. The next daily close will determine the next move on the market.
Till then trade safely.