Tether Dominance Weekly Overbought

٢٧ يونيو ٢٠٢٢

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.