🟢 Tether "USDT" Market Cap Dominance (USDT.D) 🟢

✔️ Apart from Bitcoin and Ethereum dominance charts, Tether Dominance (USDT.D), another dominance chart that we examine especially during downturns, continues its rise with the recent decline in crypto markets and is currently at 4.80% levels, which can serve as intermediate support/resistance.

✔️ When we examine Tether dominance on the weekly chart: There are two range structures, one wider and the other narrower, and the dominance percentage exceeded 4.50% levels and rose to 5.20% levels with a significant increase after spending time in the range low (RL) region of the narrow range structure on the chart in the past weeks. We see.

✔️ My opinion: Although our direction is upward for the long term, this week's closing of the USDT.D chart will be important for us to determine our direction in the short-medium term. If Tether dominance closes the week above 4.80% levels, I expect the chart to test 5.00% and 5.25% levels, which is the equilibrium (EQ) region of the narrow range region, respectively, in the coming weeks.

✔️ Strategy: If USDT.D hits the 5.55% level, it is possible that this level will remain as the top zone before an intermediate altcoin rally. If USDT.D tests the 5.25% and 5.55% levels in the coming weeks, it will make sense to buy medium-long term spot altcoins in two stages with the confirmations we will receive from different charts such as TOTAL, BTC.D and ETHBTC. When these situations occur, 4.00% and 3.80% levels will be the sales zones of spot investments in two levels.

❗️ NOTE: USDT.D is a confirmation chart that helps determine direction for crypto markets in the medium/long term, and its decline generally indicates the rise of the markets, and its rise usually indicates the decline of the markets.

❗️ What I write here is my own opinion and is not investment advice. #DYOR!! #USDT $FDUSD $BTC $ETH