Market Overview for Quickswap/Tether (QUICKUSDT) as of 2025-10-29 12:00 ET

• Price action remained range-bound with a late bullish reversal on the 24-hour chart.
• Volume spiked during the 20:15–20:30 ET window, coinciding with a sharp downward move.
• RSI hovered near neutral territory, indicating muted momentum with no clear overbought/oversold signals.
• Bollinger Bands showed mild expansion during the session, suggesting increased volatility.
• No strong candlestick reversal patterns emerged, though a potential bullish setup appeared in the final candle.

The 24-hour session for Quickswap/Tether (QUICKUSDT) began at 0.01922 and closed at 0.01902, with a high of 0.01932 and a low of 0.01843. Total traded volume across the period reached 17,424,997.0, while notional turnover amounted to approximately $333,897. The price action showed a bearish bias for most of the session but ended with a modest rebound.

Structure and key levels revealed a strong support forming around 0.01880–0.01890, with a corresponding resistance cluster at 0.01905–0.01915. A small bullish engulfing pattern appeared in the last 15-minute candle, hinting at a potential short-term reversal. No strong bearish patterns emerged before the close, but the price spent the majority of the session below key moving averages.

The 20-period and 50-period moving averages remained bearishly aligned on the 15-minute chart, with price failing to cross above them for sustained periods. MACD remained in negative territory, signaling bearish momentum, while RSI oscillated between 45 and 55, indicating neutral to weak buying pressure.

Bollinger Bands showed a moderate expansion from 0.01870 to 0.01930, with price frequently trading near the lower band, suggesting mild oversold conditions at times. No clear volatility contraction occurred during the session.

Volume spiked during the 20:15–20:30 ET window as price moved from 0.01904 to 0.01850, with a turnover of $12,100 in that period. However, price did not hold key levels after the selloff, suggesting weak conviction in the bearish move. Final 15-minute volume was relatively low, with 0.0 traded in the 10:00–10:15 ET window.

text2img

Fibonacci retracements drawn from the key swing high (0.01932) and swing low (0.01843) revealed 38.2% at 0.01888 and 61.8% at 0.01917, with price currently hovering near the 38.2% level. These levels may offer key near-term support and resistance.

text2visual

Backtest Hypothesis
Given the absence of a bearish engulfing pattern in historical data for QUICKUSDT, a backtest based on this pattern would require a reliable historical dataset. If such data were available, the strategy could involve entering a short position on confirmation of the pattern, with a stop-loss above the prior swing high. The risk-reward ratio would depend on the volatility and liquidity of the pair, which appear moderate based on the 24-hour volume and turnover.

backtest_stock_component