Tether Dominance Bearish Continuation (Multiple Timeframes)

23 giu 2022

As long as Tether Dominance index (USDT.D) continues beairsh, we continue safe.

We can see it dropping since 18-June.

Trading below EMA50, USDT.D is aiming lower and the next target is set at EMA300 or 6.49%.

The indicators are going full bearish as well on the 4H timeframe.
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When we look at the daily timeframe, everything becomes clearer.

The MACD is showing a full bearish cross in the making:

The RSI is showing bearish divergence after the last peak produced a lower high compared to a new All-Time High on the USDT.D chart.


We can also appreciate a full candle close below EMA10 daily, this signal confirms only when today's candle closes if it closes below 7.86%.


These are all bearish signals...

So far now, all I can say is that PATIENCE IS KEY!

Namaste.