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.
---
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.
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.
---
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.
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🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.