Zerene

USDT Dominance (USD.D) Analysis

Long
Zerene Updated   
CRYPTOCAP:USDT.D   Market Cap USDT Dominance, %
USDT Dominance (USD.D) Analysis
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BIAS
USDT dominance is still consolidating in major resistance zone between 3.46% - 3.64%. It is currently retesting the 4 hours resistance zone and overall we expect it to move back down lower resistance zone at 3.46% where it should bounce from.

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Comment:
USDT Dominance (USD.D) Update
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BIAS
We’re currently about to confirm a stronger up-trend in USDT Dominance, which would be sending BTC back below $42,000 zone.

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Comment:
USDT Dominance (USD.D) Update
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BIAS
USDT Dominance has pullback after hitting one of our strongest resistance and being rejected with confidence by buyers before a retest of 3.8% support.

If you want to test the waters with this trade you should use no more than 10% of your normal positions size and stick to your stop loss religiously.

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Comment:
USDT Dominance (USD.D) Update
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BIAS
On daily timeframe, USDT Dominance is sitting on above the major key level which is the support zone. Even though we may see some rejection, but overall we expect it to reach the support zone at 3.62%

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Comment:
USDT Dominance (USD.D) Update
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BIAS
USDT Dominant new 5.15% high reached after breakout major resistance, heading straight to our All Time High zone. If we break above our 5.10% zone, we'll reach our All Time High again, and probably extend higher.
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