We say that the Tether Dominance Index (USDT.D) is set for a very strong drop very soon...
A new All-Time High was hit yesterday yet we continue to see signal after signal pointing to this rally being over-extended.
We looked at the weekly and daily timeframes in the past... Let's take a closer look short-term, this is the 4H timeframe.
We have prices dropping after closing below EMA10. We have bearish divergence with the MACD and RSI. A bearish cross on the MACD while the indicator is strongly aiming lower...