USDT DOMINANCE: A GLITCH ONCE AGAIN.
Hello guy, let's take a quick look at USDT dominance.
Timeframe: 8 hours.
Update: This is madness!!! This USDT Dominance has pumped 85% (7.5% to 13.92%) within an hour and as I am posting this update, it dropped back to the previous level forming a long wick from the top. This isn't the first time we saw an error like this so, I guess there's nothing to panic about. The market is still moving at the same pace and so far no big change.
There's a slight resistance at 8.4% and it is most likely that the USDT.D will reject from that level. In case the USDT.D breaks through the resistance then it may attempt to reach the upper trendline (10% level).
Conclusion: We still have 3 hours left for the candle to close so we can wait and observe. I am still expecting the USDT.D to test the 8.4% resistance level.
I will keep things posted so do not worry.
Have good hours ahead, everyone.
Thank you.
Timeframe: 8 hours.
Update: This is madness!!! This USDT Dominance has pumped 85% (7.5% to 13.92%) within an hour and as I am posting this update, it dropped back to the previous level forming a long wick from the top. This isn't the first time we saw an error like this so, I guess there's nothing to panic about. The market is still moving at the same pace and so far no big change.
There's a slight resistance at 8.4% and it is most likely that the USDT.D will reject from that level. In case the USDT.D breaks through the resistance then it may attempt to reach the upper trendline (10% level).
Conclusion: We still have 3 hours left for the candle to close so we can wait and observe. I am still expecting the USDT.D to test the 8.4% resistance level.
I will keep things posted so do not worry.
Have good hours ahead, everyone.
Thank you.
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