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Summary
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Harvest Finance/Tether (FARMUSDT) opened at $22.85 on November 13, 2025, and traded as low as $21.20, with the 24-hour close at $21.91 as of 12:00 ET. The pair recorded total volume of ~16,679.68 units and notional turnover of $366,807 over the period.
The 24-hour candlestick structure reveals a bearish bias with a large bearish body forming between 18:15 and 20:30 ET, indicating strong selling pressure. A key support level formed around $21.40–$21.45, where buying interest re-emerged multiple times. Between 22:00 and 04:00 ET, a multi-wave pullback occurred, with a 23:30–00:00 window showing a potential bullish engulfing pattern, signaling a possible reversal.
Moving averages on the 15-minute chart indicate a weakening trend as price closed below the 50-period MA. On a daily basis, FARMUSDT is trading below both the 50- and 200-period MAs, indicating bearish bias. The RSI crossed into oversold territory around 05:00 ET at 26.8 and has since bounced, suggesting a potential short-term recovery could be in play.
Bollinger Bands show a widening expansion during the 18:15–22:00 ET selloff, with price breaching the lower band at 04:45 ET. This suggests heightened volatility and possible exhaustion in the downtrend. Price currently sits above the middle band, indicating that volatility may be contracting and a consolidation phase could follow.
Volume spiked dramatically during the 18:15–04:45 ET range, especially at 04:45 ET, when $21.92 collapsed to $21.36. However, the subsequent recovery from 05:00 ET onwards was supported by a rise in both volume and turnover, suggesting conviction in the buying interest. A divergence in price and volume occurred earlier at 20:30 ET, signaling a potential reversal.
Fibonacci retracement levels indicate a key 61.8% retracement level around $21.85–$21.90, which aligns with the recent price action. A breakdown below the 38.2% level ($21.35) would likely reinforce the bearish bias. On the 15-minute chart, a 61.8% retracement level from the 23:30 ET swing sits around $22.26, a potential resistance to watch in the short term.
Backtest Hypothesis
A potential strategy for FARMUSDT involves using a 50-period EMA on the 15-minute chart as a dynamic support/resistance line and entering long positions when price closes above it following a 20% RSI oversold condition. Short positions could be triggered when the RSI reaches overbought levels and the price closes below the EMA. This approach aims to capture momentum swings while filtering noise with a 20-period SMA for confirmation. A trailing stop-loss at the most recent swing low could help manage risk during volatile sessions.

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