Tether Dominance Weekly Overbought
This is the long-term chart for Tether Dominance (USDT.D) and we are looking mainly at an ascending channel.
Each time the upper-band of the channel is hit we get a retrace/correction.
The upper-band being hit coincides with an overbought RSI.
An overbought RSI has always led to a strong correction.
Just yesterday/last week, USDT.D closed with the highest RSI value ever, signaling an overbought status.
It is only a matter of time before Bitcoin starts to grow; big, fast & strong.
I meant to say, it is only a matter of time before Tether Dominances drops.
Namaste.
Each time the upper-band of the channel is hit we get a retrace/correction.
The upper-band being hit coincides with an overbought RSI.
An overbought RSI has always led to a strong correction.
Just yesterday/last week, USDT.D closed with the highest RSI value ever, signaling an overbought status.
It is only a matter of time before Bitcoin starts to grow; big, fast & strong.
I meant to say, it is only a matter of time before Tether Dominances drops.
Namaste.
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