Market Overview for Tether/Argentine Peso (USDTARS)

• Price surged above 1480, breaking a key resistance level after a 15-minute bullish breakout from a consolidation phase.
• High-volume clusters between 1470–1475 suggest strong liquidity and order flow.
• RSI and MACD show positive momentum, but no signs of overbought territory.
• Volatility expanded during the last 6 hours, with Bollinger Bands widening from 3.5% to 6.1%.
• Recent 15-minute pattern suggests a potential continuation of the upward trend.

Tether/Argentine Peso (USDTARS) opened at 1462.4 on 2025-09-12 at 12:00 ET, surged to a high of 1483.1, and closed at 1482.9 at 12:00 ET on 2025-09-13. The total trading volume over the 24-hour period was 3,032,918.0, with a notional turnover of approximately 4,466,476,799.4 ARS.

Structure & Formations

The 15-minute chart exhibited a clear bullish breakout pattern after a consolidation phase between 1468.0 and 1475.0. A key support level at 1470.0 was tested multiple times, with a final rejection and strong follow-through above 1480. A long bullish candle at the end of the day (12:00–12:15 ET) closed at 1483.1 and opened at 1482.9, showing strong conviction in the upward move. A potential resistance cluster is forming at 1483.0–1485.0, with a previous swing high at 1478.6 now acting as support in the near term.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both bullish, with the price holding above both lines. The 20SMA (Simple Moving Average) is around 1477.3, while the 50SMA is at 1476.8, indicating a strong short-term trend. On a daily scale, the 50DMA (Daily Moving Average) is near 1475.6, while the 200DMA is around 1474.0—suggesting continued dominance by the bulls in the near term.

MACD & RSI

MACD is in positive territory with a bullish divergence between price and the histogram, indicating strengthening momentum. RSI stands at 62, well within the neutral to bullish range. No signs of overbought conditions have emerged yet, which suggests the trend may continue for at least the next few hours.

Bollinger Bands

Bollinger Bands show an increase in volatility, widening from a 3.5% range in the early part of the day to a 6.1% range near the close. Price closed just below the upper band, suggesting continuation of the upward move. A potential pullback to the midline or lower band may be expected, but the current momentum favors a bullish continuation.

Volume & Turnover

Volume spiked significantly during the 19:00–20:00 ET period (2025-09-12), reaching peaks of over 71,554 units during the key breakout phase. Notional turnover also increased in line with the price rise, showing no divergence and validating the strength of the move. The final two hours of the 24-hour period saw a moderate decline in volume, suggesting exhaustion at the top may be near.

Fibonacci Retracements

Applying Fibonacci to the latest 15-minute swing from 1466.9 to 1483.1, key levels to watch are 1476.0 (38.2%), 1479.3 (50%), and 1481.3 (61.8%). The daily move from 1466.9 to 1483.1 also aligns with Fibonacci levels, suggesting 1479.5–1480.0 as a potential zone of interest for consolidation or a pause.

Backtest Hypothesis

A potential backtest strategy could focus on a breakout-based entry at the 15-minute timeframe, with a stop below the recent support at 1470.0 and a target aligned with the 61.8% Fibonacci retracement at 1481.3. This would allow for a risk-reward ratio of approximately 1:1.2 in the short term. Integrating RSI and MACD divergence as confirmation could enhance the signal. A trailing stop could be considered once the price exceeds the 1479.0 level to lock in gains.