USDT.DOMINANCE CHART UPDATE ;-
USDT.DOMINANCE CHART UPDATE!
Descending Channel: Dominance is trading within a well-defined descending channel, indicating a controlled downtrend.
Resistance Zone: It is currently approaching the upper boundary of the channel and a horizontal resistance zone near 4.30%-4.32%. This confluence zone could act as a rejection point.
Potential Downside: Failure to break this resistance zone could lead to a downward move toward the lower boundary of the channel, around 3.80%-3.90%.
Bearish Bias: Dominance remains under bearish pressure as long as it remains within the descending channel.
If there is a breakout above 4.32%, it could temporarily turn the sentiment bullish, indicating a reversal or a temporary halt to upward momentum.
Let me know if you’d like further assistance or adjustments!
DYOR. NFA
Descending Channel: Dominance is trading within a well-defined descending channel, indicating a controlled downtrend.
Resistance Zone: It is currently approaching the upper boundary of the channel and a horizontal resistance zone near 4.30%-4.32%. This confluence zone could act as a rejection point.
Potential Downside: Failure to break this resistance zone could lead to a downward move toward the lower boundary of the channel, around 3.80%-3.90%.
Bearish Bias: Dominance remains under bearish pressure as long as it remains within the descending channel.
If there is a breakout above 4.32%, it could temporarily turn the sentiment bullish, indicating a reversal or a temporary halt to upward momentum.
Let me know if you’d like further assistance or adjustments!
DYOR. NFA
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