Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: dragononcrypto on October 16, 2018, 09:41:59 PM

Title: Tether (USDT): Oversold and finding support
Post by: dragononcrypto on October 16, 2018, 09:41:59 PM

Live Chart: https://www.tradingview.com/chart/USDTUSD/gC7vNcOc-Tether-USDT-Oversold-and-finding-support/

Analyzing the Tether 0.07% Price from Kracken, where according to cryptocompare, 90% of the volume derives from.
The stable coin everyone's talking about that dropped 15% against USD. Will it tether back to $1?

(https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmTtwMedwjemqkxnTgavUsvN1icGCERAjivG6DRtE2fdjZ/tether.png)

• Tether is finding support at the early 2018 levels of $0.94. It is currently 4.6% away from it's $1 value.
• Daily TD 1.21% Sequential is on a 9, hinting a reversal is due, with RSI deeply ovesold at 18-month record low of 7.5.
• 2% stop loss is set below the daily low of $0.9428. If it falls below it's daily low, it's in big trouble.

Title: Re: Tether (USDT): Oversold and finding support
Post by: Overpower on October 17, 2018, 01:30:43 AM

Im sure, bitcoin and other cryptocurrency was up because of TetherUSD fall a bit and fake rumor TUSD delisting in binance

Title: Re: Tether (USDT): Oversold and finding support
Post by: dragononcrypto on October 17, 2018, 10:52:51 AM

Quote from: Overpower on October 17, 2018, 01:30:43 AM

Im sure, bitcoin and other cryptocurrency was up because of TetherUSD fall a bit and fake rumor TUSD delisting in binance

Yes, this is definitely true. The USDT price went to $7,800 while the USD price went to $6,800 which says it all!
My technical analysis suggests that Tether will now recover in price, how this will effect Bitcoin is unknown in my opinion.