Summary
• Price declined in a bearish engulfing pattern after 04:45 ET, signaling short-term bearish bias.
• RSI approached oversold territory near 05:15 ET, hinting at potential short-term rebound.
• Volume surged in the 05:30 ET candle, confirming a rejection at 0.1432.
• Price remained range-bound within Bollinger Bands, showing low volatility.
• No significant divergences between price and turnover were observed.
Market Overview
Open Campus/Tether (EDUUSDT) opened at 0.1435 at 12:00 ET − 1 and traded between 0.1439 (high) and 0.1428 (low) before closing at 0.1432 at 12:00 ET. Total volume reached 27,189, while turnover amounted to 3,899.66 USDT over the 24-hour period.
Structure & Formations
Price action displayed a bearish engulfing pattern from 04:45 ET to 05:00 ET, confirming a potential reversal at key support near 0.1432. A doji formed at 04:45 ET, indicating indecision, followed by a rejection candle at 05:30 ET that pushed price back toward the lower range.
Moving Averages
Short-term 20/50-period moving averages on the 5-minute chart suggested bearish momentum, as price closed below both.
No long-term daily averages (50/100/200) were in play within the 24-hour window, as the 5-minute chart lacks sufficient data for daily-level analysis.
MACD & RSI
The RSI dipped to 30 around 05:15 ET, indicating an oversold condition and hinting at a potential short-term bounce. The MACD remained negative, but the narrowing histogram suggested a slowdown in bearish momentum, with a possible near-term correction in view.
Bollinger Bands
Price action stayed within the Bollinger Band range throughout the 24-hour period, with no major breakouts or contractions. This suggests low volatility and sideways consolidation, with 0.1432 acting as a strong support level in the final hour.
Volume & Turnover
Volume spiked in the 05:30 ET candle, aligning with the rejection at 0.1432 and confirming its strength. Turnover also increased in line with volume, showing no signs of divergence. Lower volume in the early hours indicated weak conviction in the upward moves.
Fibonacci Retracements
On the 5-minute chart, the 0.1432 level coincided with the 61.8% Fibonacci retracement of the earlier 0.1428–0.1439 swing. A break below this level could target the next retracement at 0.1429, while a rebound could test resistance at 0.1435.
Looking ahead, a test of 0.1435 could trigger a short-lived rally, but bearish momentum remains intact. Traders should monitor the 0.1432 level for further directional clues. As always, volatility could spike without warning, posing risks to both longs and shorts in the next 24 hours.
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