Tether Dominance Weekly Turns Full Bearish

When looking at the weekly chart for USDT.D (Tether Dominance Index), we can notice a full red/bearish candle.

We have a rising channel also breaking bearish:

Together with a bearish harmonic pattern.

The RSI is pointing straight down:

One last signal is MA200, the black line on the chart.

We can see it rising and we know that prices tend to gravitate towards this line.

As MA200 trends up, USDT.D trends down.

Namaste.