Market Overview for Tether/Argentine Peso (USDTARS) — 24-Hour Summary (2025-09-19)

• Price surged to 1580.0 before consolidating near 1567.8, driven by late-session volatility.
• High volume activity between 1530.0 and 1580.0 indicates strong participation and potential trend shifts.
• RSI and MACD signals show mixed momentum, with RSI approaching overbought territory in late hours.
• Bollinger Bands show widening in the final hours of the 24-hour period, indicating increased volatility.
• On-balance volume confirms price action in the upward move but diverges slightly in the final hour of trading.

Tether/Argentine Peso (USDTARS) opened at 1523.2 at 12:00 ET − 1, surged to a high of 1580.0, dipped to a low of 1520.4, and closed at 1567.8 at 12:00 ET. The 24-hour volume totaled 1,785,548.0 and turnover reached 2,776,343,101.1 ARS.

The market exhibited a volatile 24-hour session with a sharp rally in the late hours, reaching a peak of 1580.0 during the 11:45 ET candle before retracting. The price consolidation at 1567.8 in the final candle suggests traders may be assessing key resistance levels. Multiple long-bodied bullish candles between 1530.0 and 1580.0 confirmed buying pressure, while a bearish engulfing pattern at 1576.1–1567.8 hinted at potential profit-taking. Key support appears to be forming at 1550.0, with 1544.9 also showing resilience in late hours.

Bollinger Bands expanded significantly in the final hours, confirming rising volatility, with price near the upper band at 1580.0. RSI moved into overbought territory during the rally but failed to maintain levels above 70, suggesting caution. The 15-minute MACD showed positive divergence in the final hour, aligning with the price’s pullback. On-balance volume confirmed the upward move in the 1530.0–1580.0 range but showed divergence at 1580.0, signaling a potential stall.

The Fibonacci retracement levels applied to the 1530.0–1580.0 move indicate potential support at 1556.4 (38.2%) and 1548.8 (61.8%). On the daily chart, the 50-period moving average (50 SMA) remains above the 200 SMA, suggesting a longer-term bullish trend. The 15-minute chart shows the 20 SMA above the 50 SMA, supporting the short-term bullish bias. However, the price closing below the 20 SMA in the final hour signals a possible pause in upward momentum.

Backtest Hypothesis
A potential strategy could involve entering long positions near the 61.8% Fibonacci level (1548.8) and setting a stop loss below 1540.5. A target of 1560.0 aligns with the 38.2% retracement and the 15 SMA. The MACD could be used as a confirmation signal, with a bullish crossover supporting the entry. RSI above 50 and expanding Bollinger Bands could also act as entry filters. A trailing stop may be triggered after price breaks 1567.8 to lock in gains. This setup could be tested on similar intraday patterns with a 2–3-hour holding period.