Market Overview for Tether/Argentine Peso (USDTARS) – 2025-10-07

• Price fluctuated between 1510.0 and 1536.9, closing near 1515.4 on 2025-10-07.
• Volatility spiked during late ET hours, with a sharp rise above 1530.0.
• Momentum showed mixed signals, with RSI hovering near neutral after a bullish breakout.
• Volume surged during the 15:45–16:00 ET window, correlating with the price spike.
• A bullish engulfing pattern emerged in the final candle, suggesting potential upward continuation.

Tether/Argentine Peso (USDTARS) opened at 1519.2 on 2025-10-06 at 12:00 ET, reached a high of 1536.9, touched a low of 1510.0, and closed at 1515.4 on 2025-10-07 at 12:00 ET. The 24-hour volume totaled 1,491,775.0 and turnover amounted to 2,272,118,652.0ARS. The pair exhibited a volatile session with a late surge and consolidation near the upper end of a key resistance zone.

Structure & Formations

Price action revealed a strong support level at 1510.0, with the low of the session and a rebound following the 1510.1 high. A notable bullish engulfing pattern formed on the final candle, indicating a potential reversal or continuation of upward momentum. Earlier, a doji pattern appeared near 1514.3–1515.1 at 11:30–11:45 ET, suggesting indecision and potential volatility. A key resistance zone emerged between 1523.6–1530.0, with the 1530.0 level acting as a psychological threshold that was briefly breached.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart fluctuated between 1517.0 and 1520.0, failing to provide a clear directional bias. However, the 50-period line crossed above the 20-period line during the late ET rally, forming a potential bullish crossover. Over the daily chart, the 50-period line sits at 1518.0 and the 100-period line at 1516.5, with the 200-period line at 1515.0, suggesting a slight upward tilt in the medium term.

MACD & RSI

MACD turned positive in the final hours, with the line crossing above the signal line at 15:30–16:00 ET. The histogram showed a bullish divergence following a bearish phase, aligning with the late rally. RSI moved above 50 to reach 65 by the close, indicating moderate overbought conditions. However, given the sharp move, a correction or consolidation is possible.

Bollinger Bands

Volatility expanded significantly during the 15:30–16:00 ET window, with the bands widening to reflect the surge in price. Price closed near the upper band at 1515.4, indicating strong momentum. Earlier in the session, price traded within a narrower range, suggesting a potential breakout scenario. The contraction before the expansion is a positive sign for trend continuation.

Volume & Turnover

Volume spiked dramatically during the 15:30–16:00 ET window, with 67,572 contracts traded at the peak of the rally. Turnover during this period reached ~105 million ARS, aligning with the price surge and suggesting strong conviction in the move. Volume remained relatively steady during the early consolidation, but divergences were observed in the 11:00–11:30 ET window when price declined while volume remained low.

Fibonacci Retracements

On the 15-minute chart, the recent 1510.0–1536.9 swing showed a 61.8% retracement level at 1523.0–1524.0, where price consolidated before surging higher. The 50% level was at ~1523.5, suggesting a potential area of continuation or retesting. On the daily chart, the 38.2% retracement level at 1516.0 acted as a key support during the consolidation phase.

Backtest Hypothesis

Given the observed bullish engulfing pattern at the close and the alignment of momentum indicators with the volume surge, a potential backtesting strategy could involve a long entry at 1516.0–1517.0, with a stop-loss below 1510.0 and a target at 1530.0. A trailing stop could be applied once the 1525.0 level is reached. This setup capitalizes on the combination of price action, volume confirmation, and technical alignment of MACD and RSI, making it a viable short-term play for a 2–4-hour window.