Tether Rises Rapidly
At the time of the study, USDT / USD traded at $10020 and is currently moving upward trend at + 0.15%. Over the weekend, the cryptocurrency market witnessed a variety of changes and influenced shift patterns. Deviations and uncertainties have challenged the market, making it difficult to forecast the variations. With the exception of Binance and Tether, the overall market is currently shrinking and has its impact on most altcoins. Tether is performing better since early morning rising all the way to a bullish trend. USDT/USD shows a bullish trend as it rapidly slopes upward with a positive note. The goal of the coins is to enter the resistance areas where the sellers participate in the market. This will enhance the market to move upwards influencing the market to encourage the bulls.
USDT / USD Market Review Projection for 17 October 2019: Initial Bulls. The pair is growing at a rate of +0.16%. The median rising rapidly at 1.0010 makes room for bulls. For further positive development, the orange and blue MACDs predict relatively upward movement. The RSI shows sellers playing along with the bulls at 55.74. The price may range from $1.0020 – $1.0010.
Revoking the above slopes could turn the resistance line back to the buyer’s entrance. Through increasing their purchasing power, buyers can dominate the market, leading to less market participation of sellers. This will tend to move the market toward the bears. This may lead the price to range from $1.0020 – $1.0030.