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.
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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 ...
The price action for this chart is defined by the average of BCHABC across 4 exchanges(Poloniex, Bitfinex, Binance, and Bitstamp) added to the average of BCHSV across 3 exchanges(Bitfinex, Binance, and Poloniex). I copied the pre-fork price action from BCHUSD @ bithumb(where BCHABC is currently trading at about a $150 premium), appended it to this chart and ...
I'm seeing a full elliot wave pattern on the inverted USDT chart.
This could mean a few things.
1. USDT may be falling apart.
We have a clear accumulation pattern, but in this case it's actually dumping of USDT.
It's possible that this will accelerate downwards and USDT may become worthless.
2. USDT may start another bubble in cryptocurrencies.
The reduced ...
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