Yesterday Tether Dominance (USDT.D) closed below EMA10 and today we have a full bearish candle.
The drop is about to speed up.
We see EMA50 as the next support line at 7.94%, but looking back this line is always pierced and MA200 has been the main support.
MA200 is sitting at 7.12%, this is where we think stands the first/main support.
As Tether Dominance goes down, Bitcoin goes up.
We can see at least 1 week bearish, 7 days, to start...
As this move develop, we can gain more data and figure out for how much longer this correction will go.
Namaste.