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USTC / TetherUS

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USTCUSDT trade ideas

USTC...Slowly but surelyYou have every reason to be sceptical of this asset. It's ability to get back to $1 is about the believable as the Pheonix, which is almost what USTC and indeed, all of the Terra has ostensibly become; a pheonix rising from the ashes. But...my previous idea panned out. A little bit delayed but nearly the same. We can see that there has been a beautful bounce off of the clean resistence area and price is maintaining slightl bullish momentum. However, a few caveats. With the price trapped between the 50 and 200 SMAs this is basically a rock and a hard place. A squeeze is going to occur with buyers a sellers fighting over it's direction and it may face short bearish momentum for the next few days. But, take something into consideration: Long term, no one wants this asset to go down. I've personally bought another $1000 worth of USTC and I'm holding it to the appropriate levels. My idea is not original nor is it adivsable. But my idea echoes the same message as my previous one...buy and hold that motherfucker.
Long
by Yahmez
1
Inverted ZigZag, Target = $ 0.37 ($ 0.06 to $ 0.37) As you know, a single zigzag in a bull market is an inverted zigzag. With that in mind,as you can see, all degrees of trend are always operating on the market at the same time. Structure: 5-3-5, Pattern: ZigZag, Shape: Sharp, Subdivision of wave A and C is 5 waves, either impulse or diagonal Wave Degrees: Primary: Wave C (larger degree), Intermediate: Wave 3, minor: Wave 5, minor Wave: Buying opportunity = $ 0.06 Intermediate wave: Wave -3: Target-1 = $ 0.127 Primary wave: Wave -C (or Intermediate-wave 5): Target-2 = $ 0.37
Long
by BTC-XLM
7
USTC Re-peg. What is there to lose?We all saw it. What a disaster. I pesonally did not have any money in USTC before all of it. I do not have any money in "stable coins". However, I do think this could be an interesting opprtunity. (And after doing some research, USDC seems like a very good model). After the drop and the initial impulse ralley during June, I think USTC is settling down. Everyone has the same idea: put money into USTC and wait for it to reach $1 again. That sounds unrealistic but its not entirely insane. I've linked an interesting article that shows how that could be done. But for now, what's the anlaysis? After the inital impulse buy, USTC has been grinding to the downside. Of course, people are sceptical but the coin is showing signs of a revival. However, with Do Kwon's indicment, the situation may not be the best. And yes, there is a very high chance that USTC could fall flat on it's face. So what do to? I've taken the personal approach of buying 40,000 USTC and waiting. If it fails, it fails; and that'll be the end of it. But the reward is far greater than the risk. As it says in the article: "Repegging USTC to $1 will restore trust in the entire crypto industry and should be in the interest of everyone in the entire crypto community. The Terra Classic Community has something no one else has: Nothing to Lose!"
Long
by Yahmez
1