USDC DOMINANCE: SOON TO REJECT!
Hello traders, I hope you guys are doing great. Here's an update on USDC Dominance.
Timeframe: 3 Days.
Update: The market is dropping once again as expected. With the recent rally, it is likely to see the USDC.D at 7.5% where we have a strong resistance which means BTC can possibly reach $17k. I strongly feel that we will soon see rejection in the USDC.D. The fundamentals related to cryptocurrency may not be positive but technically, the market will turn green soon.
RSI: The RSI in USDC.D has been hovering in the overbought zone for quite a while and sooner or later, it has to come down.
Conclusion: The big players are playing a big game here. The recent dump has already created panic in the market. Noobs are selling off and guess who is buying? You guys are smart enough to understand the market sentiment, so, this time don't be a flock of sheep rather be a tiger who waits patiently for the right moment.
Show some support with your likes and comments.
Thank you.
Timeframe: 3 Days.
Update: The market is dropping once again as expected. With the recent rally, it is likely to see the USDC.D at 7.5% where we have a strong resistance which means BTC can possibly reach $17k. I strongly feel that we will soon see rejection in the USDC.D. The fundamentals related to cryptocurrency may not be positive but technically, the market will turn green soon.
RSI: The RSI in USDC.D has been hovering in the overbought zone for quite a while and sooner or later, it has to come down.
Conclusion: The big players are playing a big game here. The recent dump has already created panic in the market. Noobs are selling off and guess who is buying? You guys are smart enough to understand the market sentiment, so, this time don't be a flock of sheep rather be a tiger who waits patiently for the right moment.
Show some support with your likes and comments.
Thank you.
