Summary
• Price tested 0.0435 resistance, then pulled back to 0.0374 support.
• Volume surged on the rally, reaching 8.3M at peak, but reversed sharply.
• RSI moved from overbought to neutral, suggesting bearish exhaustion.
Price Action and Key Levels
Audius/Tether (AUDIOUSDT) opened at 0.0375 on 2025-11-13 and closed at 0.0369, reaching a high of 0.0435 and a low of 0.0364 over the 24-hour period. The pair experienced a sharp bullish impulse from 0.0377 to 0.0409 before a broad bearish correction. Key support levels at 0.0374 and 0.0369 held during the pullback, while resistance levels at 0.0384 and 0.0409 faced rejection. Notable candlestick formations included a bullish engulfing pattern during the early rally and bearish harami patterns as the trend reversed.
Trend and Momentum
The 20-period and 50-period moving averages on the 15-minute chart crossed below the price during the correction phase, indicating a short-term bearish bias. MACD showed a positive divergence during the initial rally but reversed with bearish momentum as the correction deepened. RSI fluctuated between overbought (70+) and oversold (30–) territory, suggesting volatile swings with no clear trend consolidation yet.
Volatility and Distribution
Bollinger Bands expanded significantly during the rally to 0.0435, with prices briefly reaching the upper band before collapsing. Volatility has since contracted, suggesting traders are waiting for a catalyst. Total 24-hour volume stood at 15.5M, with notional turnover of $550K. A notable divergence emerged between volume and price during the bearish reversal, with large volume not translating into a stronger move downward—possibly signaling short-term exhaustion.
Fibonacci and Retracement Levels
Fibonacci retracements on the 0.0364–0.0435 swing show 0.0374 (38.2%) and 0.0377 (50%) as key near-term levels to watch. The 61.8% retracement at 0.0387 could act as a potential resistance. On the daily chart, the 200SMA currently sits above 0.04, suggesting long-term bearish pressure but with room for a countertrend bounce.
Backtest Hypothesis
To build an accurate back-test I’ll need two additional pieces of information:
1. Which specific stock(s) (ticker symbols) would you like tested?
• You can list one ticker (e.g., AAPL) or several.
• If you’d like the whole S&P 500 or another index-wide universe, please let me know.
2. Do you want any risk-management limits (e.g., stop-loss, take-profit, max holding days) in addition to “sell on the close of the signal day,” or should we leave those off for this test?
Once I have those details, I can pull the Bearish Engulfing pattern dates, generate the buy-at-open / sell-at-close signals, and run the back-test from 2022-01-01 through today.
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