Tether Dominance Moved Higher But Bears Are Coming

Since our last analysis, Tether Dominance Index (USDT.D) has broken the last resistance and gone higher... This is a "last hoorah" based on the chart candles and signals.

We have shooting stars, Dojis and hammers all at new highs/resistance.

Seeing these candles at new high prices can signal that the top is in.
What follows after a new top is a strong correction.

The MACD is also at new highs but trending lower after a bearish cross.

Sooner or later, rather very soon... USDT.D will drop strong and inversely Bitcoin will go up.

Namaste.

Kommentera:

We also have the Head & Shoulders pattern, which is bearish.