USDT DOMINANCE: EXPECTING THIS SCENARIO!!
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Welcome to this USDT Dominance update. USDT Dominance is continuously bouncing that's why BTC and Alts dropping. Let's see how far it can pump.
USDT dominance bounced from its major support level of 3.76 level. I already discussed this and shows some supports levels in my previous USDT Dominance update(Link given below).
Now USDT Dominance has some resistance at the 4.08-4.22 level and I"m expecting a rejection from the red resistance area. Also, it looks like a head and shoulder pattern. All we need is to break the neckline of this H&S pattern which is at the 3.76 level.
Conclusion:- USDT.D can pump up to 4.22 level so BTC can drop to the $42k; level and after that, we might see a good bounce in ALts and BTC.
Invalidation level:- If any candle closes above 4.24 then this chart becomes invalid.
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. USDT Dominance is continuously bouncing that's why BTC and Alts dropping. Let's see how far it can pump.
USDT dominance bounced from its major support level of 3.76 level. I already discussed this and shows some supports levels in my previous USDT Dominance update(Link given below).
Now USDT Dominance has some resistance at the 4.08-4.22 level and I"m expecting a rejection from the red resistance area. Also, it looks like a head and shoulder pattern. All we need is to break the neckline of this H&S pattern which is at the 3.76 level.
Conclusion:- USDT.D can pump up to 4.22 level so BTC can drop to the $42k; level and after that, we might see a good bounce in ALts and BTC.
Invalidation level:- If any candle closes above 4.24 then this chart becomes invalid.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank you!
