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USDT Dominance Parabolic: When will the bleeding stop?
🚨 If you're wondering why your portfolio is down, this is the guilty chart: USDT.D (Tether Dominance) on daily. Money is aggressively leaving cryptocurrencies towards the safety of Stablecoin, breaking highs up to 6.30%.
However, there is a signal of exhaustion:
⚠️ RSI in Overbought (71.04): The relative strength indicator (below) has just crossed the 70 line. This indicates that the "seller panic" movement is over-extended.
📊 ADX at 53: The current trend is extremely strong, but unsustainable vertically for a long time.
However, there is a signal of exhaustion:
⚠️ RSI in Overbought (71.04): The relative strength indicator (below) has just crossed the 70 line. This indicates that the "seller panic" movement is over-extended.
📊 ADX at 53: The current trend is extremely strong, but unsustainable vertically for a long time.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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