With popular crypto following bitcoin it was nice to see tether being the loudest in the room. On the daily seeing falling wedge reversals on bitcoin and its mirrors tether is also showing a confirming sign.
This chart was originally published on DECEMBER 26 but was hidden by the Tradingview platform because I violated house rules. The 1st Djinn Predictive Indicator has been sold. There should be no more house rules violations.
The price of Tether USD will fall on or near Jan 7. Tether is like your questionable cousin - Mostly criminal. It is your cousin that you KNOW is going to Jail sooner or later. I wish Tether wasn't a crypto wasting my time. Like Ethereum, I cannot track it's yearly future. Because it has not future.
Congratulations to Tether! Now a top five coin, it reached as high as #4! Can it become a Top 3 Coin?
This is the coin to watch! If it reaches #3, it will surely be a landmark moment in Cryptoland! This will mean that something spectacular has already happened, or is about to happen!
Tether price for today is $0.993657. It has a current circulating supply of 2.06 Billion coins and a total volume exchanged of $97,581,934
Resistance Level (R3): 1.021
Resistance Level (R2): 1.013
Resistance Level (R1): 1.003
Pivot Point: 0.995
Support Level (S1): 0.985
Support Level (S2): 0.977
Support Level (S3): 0.967
Every time, when Tether was well below 1$ level BTC suffered (see red ovals). And as soon as USDT was coming back above 1$ mark, bitcoin grew.
Now we have that orange area, when USDT is cheap, but it seems to be closing to 1$ level again. In any case, worth keep an eye on that.
Not a financial advice.
Cryptocurrency markets are sustaining a harsh sell-off that began on November 14th, 2018 and have continued since.
Could stablecoins be exacerbating the cryptocurrency sell-off?
Stablecoin holdings are liquid and relatively safe alternative to holding cryptocurrencies amid a bear market without leaving the asset class in favor of fiat holdings. Amid this past...
From the technical point of view, USDT/USD has broken the 0.99 support and is trading between 0.95-0.99. The price has been rejected by 0.99 TWICE. I believe that somebody is distributing USDT to the retailed traders at this price zone. After the distribution, USDT/USD will fall. Which means, something may gonna happen, it may be a bad news. If USDT/USD fall, the...