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Bitcoin To Continue Higher as Tether Dominance Goes Lower
Market Cap USDT Dominance, %
Short
Bitcoin To Continue Higher as Tether Dominance Goes Lower
By AlanSantana
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May 30, 2022
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May 30, 2022
We continue seeing bearish signals on the Tether Dominance Index (USDT.D) chart.
Yesterday we looked at the long-term chart and the RSI (weekly), the signals were clear there.
Looking at it closer today, our view remains the same.
- We can see prices moving below EMA10 on a full bearish candle.
- The RSI is trending down strong.
These signals are pointing lower.
The blue space on the chart is the main target/support.
Namaste.
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