#Stablecoins
stablecoin dominance update 🚨
short term -> broke out of the channel, bear flag invalidated, that's this week's red board explained
now -> descending channel formed on top of the bounce
expectation -> the white arrow, rolls back down
monthly -> double top at 9.4% untouched, big picture intact
the bounce was the market breathing, the channel is the exhale
stablecoin dominance update 🚨
short term -> broke out of the channel, bear flag invalidated, that's this week's red board explained
now -> descending channel formed on top of the bounce
expectation -> the white arrow, rolls back down
monthly -> double top at 9.4% untouched, big picture intact
the bounce was the market breathing, the channel is the exhale