Tether Dominance Overbought | Long-Term RSI Analysis
Here we have a pretty clear as well as strong signal coming out of the weekly RSI for the Tether Dominance Index (USDT.D) chart.
Each time the RSI went to overbought, or just got close to it, Tether Dominance would enter a correction phase.
We have now USDT.D overbought which can signal that it is about to move lower based on past history.
With the inverse correlation between Bitcoin (BTCUSD) and Tether Dominance (USDT.D), we can see BTC rise while USDT.D falls.
Thank you for reading.
Thanks a lot for your continued support.
Namaste.
Each time the RSI went to overbought, or just got close to it, Tether Dominance would enter a correction phase.
We have now USDT.D overbought which can signal that it is about to move lower based on past history.
With the inverse correlation between Bitcoin (BTCUSD) and Tether Dominance (USDT.D), we can see BTC rise while USDT.D falls.
Thank you for reading.
Thanks a lot for your continued support.
Namaste.
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