#USDT DOMINANCE ANALYSIS
It is consolidating in a rectangular chart pattern and currently trading below the mid marked, point of control resistance. It is holding above EMA200 support. MACD crossover is showing neutral signs.
If it breakdown the horizontal support then that would be a bullish sign and vice versa because it works inversely proportional to the crypto market.
It is consolidating in a rectangular chart pattern and currently trading below the mid marked, point of control resistance. It is holding above EMA200 support. MACD crossover is showing neutral signs.
If it breakdown the horizontal support then that would be a bullish sign and vice versa because it works inversely proportional to the crypto market.
#USDT DOMINANCE ANALYSIS
After the detection of bearish divergence, it broke trendline which was acting as support, whereas previously it was making higher highs & higher lows.
Currently we need a move below higher low, which would be also an indication of change of trend from trending highs to trending lows and that would somehow prove to be a bullish sign or indication because drop in USDT.D means the money is flowing into ALTS and BTC.
After the detection of bearish divergence, it broke trendline which was acting as support, whereas previously it was making higher highs & higher lows.
Currently we need a move below higher low, which would be also an indication of change of trend from trending highs to trending lows and that would somehow prove to be a bullish sign or indication because drop in USDT.D means the money is flowing into ALTS and BTC.
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#USDT DOMINANCE ANALYSIS
USDT.D is moving in a descending triangle. Currently, it is facing trendline resistance. MACD crossover is losing bullish momentum. RSI is in the overbought region.
All these confluences are showing that there are high chances of rejection. A rejection from here will confirm a bearish move in USDT.D. That would be a bullish sign for the crypto market as they work inversely proportional to each other.
USDT.D is moving in a descending triangle. Currently, it is facing trendline resistance. MACD crossover is losing bullish momentum. RSI is in the overbought region.
All these confluences are showing that there are high chances of rejection. A rejection from here will confirm a bearish move in USDT.D. That would be a bullish sign for the crypto market as they work inversely proportional to each other.