Eth-usdt
🔥 Ethereum Successful Bounce: Recovery IncomingA few days ago I made an analysis on the bearish move of ETH and the incoming support area from $4200 - $4000.
As expected, the $4k level proved very resillient and has caused the massive reversal which we can see today. I'm expecting this dip to be bought up very quickly, this train will not stop until we reach the $4300 - $4350 area. After we reach the target area, bulls will have to prove themselves and that this is not just a consolidation phase within a bigger downtrend.
Happy trading!
avax usdt + usdt is live on avax,tron,eth chain Tether’s Blockchain Expansion Continues as USDT Goes Live on Avalanche
Months after indicating plans to expand the USDT stablecoin support to Avalanche blockchain, popular stablecoin issuer Tether has finally launched its dollar-pegged cryptocurrency on the eco-friendly network.
USDT Now Available on Avalanche
With USDT launching on Avalanche, users can now transfer the largest stablecoin by market capitalization at a relatively lower cost, and the transactions will be settled instantly, as Tether’s CTO, Paolo Ardoino, explained:
“We’re excited to launch USDT on Avalanche, offering its growing and vibrant community access to the most liquid, stable, and trusted stablecoin in the digital token space.”
Notably, Tether’s USDT integration on Avalanche would contribute to the growth and sustainability of the network, as well as foster the usage of stablecoins across the DeFi ecosystem.
“USDT on Avalanche is an essential building block for DeFi users,” Emin Gün Sirer, Director of the Avalanche Foundation, said.
Tether chose to launch its stablecoin on Avalanche because the network is one of the biggest blockchains at the moment, offering users lots of opportunities, such as faster settlement, low-cost transactions, and a platform to build and host decentralized applications.
Avalanche is an open-source network that allows decentralized application developers to deploy dApps easily without incurring high costs in the process.
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The Avalanche team combines both Ethereum Virtual Machine (EVM) compatibility and Solidify to expedite transactions and enable Ethereum developers to move their applications over to the network, Ardoino added.
Tether’s Expansion Spree Continues
Tether’s USDT is currently the largest stablecoin in the industry, with a market capitalization of $75.2 billion. The coin is also ranked as the fourth-largest cryptocurrency, according to data from CoinGecko.
Despite its tremendous growth and widespread adoption, Tether Operations Limited, the company behind the stablecoin, is not looking to slow down the expansion of USDT support across diverse blockchains.
At the moment, USDT operates on 14 blockchains, including Ethereum, Solana, Algorand, Omni, and Binance Smart Chain (BSC), among others.
The stablecoin issuer is still considering going live on more DLT networks in the near future. As reported in April, Tether indicated intentions to launch USDT on Polkadot and Kusama blockchains, taking advantage of the networks’ parachain feature.
BNB price Hourly chart BNB/USDT binance going 1000Will Binance Coin continue to grow?
Binance has been working reluctantly to enhance the BSC. The popular crypto exchange wants to be at the heart of every blockchain activity in the industry. The company has launched the BSC Gamify Expo in recent months to promote enhanced participation in blockchain-based games. Last month, the company introduced metaverse games to feed into the recent hype of the metaverse.
They also launched a new Evolution Protocol, BEP-95 to support real-time burning on the Binance Smart Chain. As Binance stated, this will significantly reduce gas fees on the BSC, and improve the crypto burn ratio.
All of these combined efforts to enhance the entire blockchain industry has fueled the recent growth of BNB. If Binance continues on its path to improve the BSC and attract more new investors, BNB will continue to grow in the long-term setting new all-time highs along the way. For now, Binance Coin is slowly edging towards the $700 mark.
BNB is currently trading at $662.20.
ETH/USDT 1D November 7i think Ethereum will rise up to 4700-4850 which is also the prz for zigzag pattern
then we can expect a correction around 4000 which is almost the 50% fibonacci level and the previous ATH
followed by a third increas to 6000 which will eventually complete a deep crab pattern and a third drive
🔥 Ethereum Still In A Bullish ChannelSince early October, ETH has been trading upward inside a clear-cut bullish channel.
Recent bearish price action makes us believe that we're in a (minor) downtrend. However, this is not the case. We've seen a strong reversal from the channel's support earlier this morning, as long as we're in the channel things are fine.
However, if for some reason we're getting below the channel we might see more bearish price movement coming our way. Short-term is still bullish as long as the channel holds. Target at $5000 for the coming weeks.
Happy trading!
💡Don't miss the great buy opportunity in ETHUSD @ethereumTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (4436.18).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 4637.49
TP2= @ 4800.00
TP3= @ 5000.00
TP4= @ 5200.00
TP5= @ 5400.00
SL= Break below S2
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💡Don't miss the great buy opportunity in ETHUSD @ethereumTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (4436.18).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 4637.49
TP2= @ 4800.00
TP3= @ 5000.00
TP4= @ 5200.00
TP5= @ 5400.00
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
🔥 Ethereum Cup & Handle Break OutAround a week ago I made an analysis on the massive ETH Cup & Handle pattern.
As of today, ETH has confidently broken out of the resistance area and is making it's way to $5k. Assuming we will close the day above the prior all-time high, there's little stopping this rocket.
Happy trading!
🔥 Ethereum Huge Cup & Handle Break OutSince hitting its all-time high early May, ETH has failed to make a new high. During this time, a massive cup & handle pattern has formed on the daily chart.
Since the start of October, the "handle" part of the pattern is shaping up perfectly. I'm expecting a break out and a new all-time high in the coming weeks (days?).
First target for the break out is placed at $5000, second $5500. I'm not expecting a major sell-off from ETH before reaching this area.
Happy trading!
BTC Small breakout from bearish channel. Will it continue?BTC had a small breakout from its downtrend channel and is now trying to pushback up. Multiple resistances ahead, breaking out the yellow line will confirm bull dominance
My plan for today's trade:
I plan to long on orange arrow (risky since its a very small channel), and average up should the channel break at the green arrow. Stop loss will be set at blue line and will stop my long near the red arrow or the current strongest resistance (yellow line). Depending how BTC moves afterwards, I will either continue my long or enter a short.
Its going to be quite choppy today, if you prefer to play it safe. Enter at green arrow rather than orange, although there is a risk that BTC will not touch it and continue its upward progress directly towards the orange/yellow line.
The arrow icons are guide lines. It will not hit exactly on the same spot.
Use them as guidelines to make decisions based on the ongoing channel lines closest to it. A rejection usually occurs when the line is hit. These are where u usually enter your trade, or set your stop loss, or gradually increasing your stop profit point.
1) breaking the channel line means continuation of the current trend.
2) rejection of the channel line means reversal of the current trend.
The arrow patterns are possible movement path. It will not move exactly as how they were drawn. Use them as guidelines to consider your decision
Please always remember to put a stop loss when you first enter a position, a stop profit when you are already in profit, and never chase a trade.
Should you have any questions or inputs, please let me know in the comment section, I will always answer them as best as I can,
Thanks for stopping by to my post, hope it can help you better in your decision making.
🔥 Ethereum Facing Resistance At All Time HighAround a week ago, I made an analysis on ETH. In this analysis I argued that the Head & Shoulders pattern was very bullish and making its way to $4k.
In the end, ETH managed to push further towards the ATH around $4375. I was waiting with an analysis to see what the price did in case we faced some resistance.
The ATH is a very strong resistance. Bitcoin made a new ATH yesterday, but ETH failed to do so today, launching the price downward.
In the worst case scenario we're going to re-test $4k in the coming few hours. Not expecting a stronger bearish move anytime soon.
In case you're looking for a nice shorter term entry, keep an eye on the $4k level.
Happy trading!
$MTA mStable Bullish View So i found a new low cap gem i been doing research on for months and it is $MTA, this project seems very promising and i believe a-lot of people with adopt to it in the incoming months - years. I just want to leave this here.
This trend will break out and many will be wolfing the crowd remember this.
-Reason why i put a 1000-3000% which is a 10-30x is because it is very possible market cap is only trading around 10-15 million currently.
It is coins in this space that this project is literally advanced then thats over 300 million mc…
Project is not yet listed on Binance , Kucoin & Coinbase. Only on FTX , Huobi & Uniswap etc. This actually made me more bullish personally.
Other then that project reminds me of luna very much when i was investor around 2-3. Most never talked about project till mass came.
Always ~ DYOR.
Feel free to drop a follow for more content, i been dropping straight pressure for my followers. Every coin i talk about on this channel are actually good projects.
🔥 Ethereum Inverse Head & Shoulders: $4000 TargetSince late September, ETH has seen quite a substantial bullish move. After reaching the neck-line of the head & shoulders pattern, ETH saw some consolidation due to BTC going parabolic and BTC dominance rising.
However, as of this morning, ETH is finally breaking out of the pattern and making a substantial bullish move.
Target for the current move is placed at $4000, potentially higher if price action persists this week.
Happy trading!