USDT DOMINANCE: I AM STILL STICKING WITH THE PLAN.
Hello traders, I hope your weekend is going well. Here's a quick update on USDT dominance.
Timeframe: 1 Day.
Recap: In my previous update, I mentioned the H&S pattern in USDT.D. It was going all good but the FED news happened.
Update: The USDT.D showed an 11% spike after the FED news, technically dropping the entire market. Yet, it hasn't managed to break through the resistance level of 7.15% which makes this chart still valid. Things will possibly go negative if the USDT.D breaks out and closes above the 7.15% resistance level. So, until and unless, the USDT.D stays below this level, the H&S pattern will remain valid. It may sound crazy but I am sticking with my plan.
Key level: 7.15% resistance level.
What do you think about the USDT Dominance current move?
Do let me know in the comments.
Trade safe.
Timeframe: 1 Day.
Recap: In my previous update, I mentioned the H&S pattern in USDT.D. It was going all good but the FED news happened.
Update: The USDT.D showed an 11% spike after the FED news, technically dropping the entire market. Yet, it hasn't managed to break through the resistance level of 7.15% which makes this chart still valid. Things will possibly go negative if the USDT.D breaks out and closes above the 7.15% resistance level. So, until and unless, the USDT.D stays below this level, the H&S pattern will remain valid. It may sound crazy but I am sticking with my plan.
Key level: 7.15% resistance level.
What do you think about the USDT Dominance current move?
Do let me know in the comments.
Trade safe.
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