📈 Tether Dominance Replete Of Bearish Signals

Since everything I share is bullish, it is good to read the Tether Dominance chart to look at some of the bearish signals, for learning and entertainment.

We have the lower highs mixed with candlestick reading.

1) The inverted hammer as a lower high (double strength).

2) Doji after lower high inverted hammer (triple strength bearish signal).

3) Rejection at EMA10 and EMA21 (additional confirmation more strength to previously noted bearish signals).

4) MACD moves below 0 trading below signal line.

5) RSI trending lower and downtrend since June 2022.

We want to see the action... Let it drop!

Let the entire Cryptocurrency (Bitcoin + Altcoins) market go up.

Namaste.

Kommentar:

USDT.D Daily timeframe has gone full bearish:

The daily session is about to close and we have a full rejection at EMA50, EMA21 and EMA10.

The MACD is curving down below zero.

Bitcoin is still sideways so this means that USDT is being used to buy Altcoins...

That's for sure, the Altcoins vs Bitcoin pairs are really taking off.