📈 Tether Dominance Long-Term Bearish Targets

We already looked at the short-term timeframe enough so it is time to move back and look at the bigger picture.

Tether Dominance printed a long-term lower high which alerted us to its current drop.

This drop has been confirmed in the past two weeks as its price broke below EMA10.

The final and critical support is now EMA50 which matches the 0.382 Fib. retracement level relative to the entire bullish cycle that started in February 2021.

As soon as this level is lost as support, now in the range of 6.59% to 6.69%, all hell breaks loose for this index... Or I should say, the Cryptocurrency market bullish rally starts.

Everything we are seeing in hundreds of altcoins, confirmed through the Bitcoin charts, the stock market and more, here we get another confirmation based on the inverse relation of tether dominance and the cryptocurrency market as whole.

As USDT.D drops, Cryptocurrency grows.

Long-term targets follows:

1) 5.70% after the current support fails within weeks at max.

2) 4.82% sometime in February/March.

3) 3.53%/3.74% can potentially be hit around late March/April, we still have to wait and see how things will play out.

These are the targets beyond the mid-term.

Namaste.