Tether and TrueUSD vs The Dollar: Stable Coin Analysis

**[TUSD/USDT: TrueUSD short-lived pump coming to an end](https://www.tradingview.com/chart/USDTUSD/gC7vNcOc-Tether-USDT-Oversold-and-finding-support/)** 15/10/2018

Chart shows an over-extended rally peaking to a ridiculous $1.24 for TrueUSD against Tether.
RSI on the Daily chart is still overbought at 85 with an RSI double top appearing on the 4 and 6-hour.
TD Sequential on the 4-hour showing a 9, so expect a 1-4 candle correction, at minimum.
Major support between $1.03 and$ 1.04 will be the key level to watch to determine further.

*Given this is one of the first stable coin pairings in existence, this is an epic fail to put it lightly.*

[**Tether (USDT): Oversold and finding support**](https://www.tradingview.com/chart/USDTUSD/gC7vNcOc-Tether-USDT-Oversold-and-finding-support/) 16/10/2018

Analyzing the Tether 0.07% Price from Kracken, where according to cryptocompare, 90% of the volume derives from. The stable coin everyone's talking about that dropped 15% against USD. Will it tether back to $1?

Tether is finding support at the early 2018 levels of $0.94. It is currently 4.6% away from it's$ 1 value.
Daily TD 1.21% Sequential is on a 9, hinting a reversal is due, with RSI deeply ovesold at 18-month record low of 7.5.
2% stop loss is set below the daily low of $0.9428. If it falls below it's daily low, it's in big trouble.