USDT.D UPDATE! A RELIEF RALLY INCOMING SOON IN THE MARKET!!
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Welcome to this USDT DOMINANCE update.
Why, I'm expecting a relief rally in the market? Here's the reason-
1) USDT Dominance is trading inside a channel in the 8hr time frame. Currently, it is rejecting from the upper trendline of the channel which is a good sign for the market.
2) Last two times it's got rejection from the same level so I'm expecting the same this time also.
3) It is forming a bearish divergence in RSI.
If we get the prefect rejection from here then we have an important support level at 4.30-4.44 level (BTC $44k-$48K) which is a very crucial level. If we break this support level then we expect a big pump in the market.
Let's see how this goes.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this USDT DOMINANCE update.
Why, I'm expecting a relief rally in the market? Here's the reason-
1) USDT Dominance is trading inside a channel in the 8hr time frame. Currently, it is rejecting from the upper trendline of the channel which is a good sign for the market.
2) Last two times it's got rejection from the same level so I'm expecting the same this time also.
3) It is forming a bearish divergence in RSI.
If we get the prefect rejection from here then we have an important support level at 4.30-4.44 level (BTC $44k-$48K) which is a very crucial level. If we break this support level then we expect a big pump in the market.
Let's see how this goes.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
