Market Overview: Tether/Argentine Peso (USDTARS) 24-Hour Summary

• Tether/Argentine Peso (USDTARS) edged upward over the last 24 hours, with a late-night bullish breakout.
• Price found firm support near 1380.0 and pushed higher through key resistance levels during the New York overnight session.
• Momentum indicators suggest a continuation of the bullish trend, but volume distribution hints at mixed buyer strength.
• Volatility dipped in the final hours, signaling potential consolidation before a next move.
• MACD showed a bullish crossover late in the session, reinforcing the recent price rally.

The Tether/Argentine Peso (USDTARS) opened at 1379.8 on 2025-09-04 at 12:00 ET and reached a high of 1387.9 before closing at 1383.5 at 12:00 ET on 2025-09-05. The price range was 1375.0–1387.9 over the past 24 hours, with a total volume of 815,395 units and a notional turnover of approximately 1,128,853,775 ARS.

Structure & Formations

Price action on the 15-minute chart displayed a clear bullish bias after a consolidation phase in the early evening. A key support level at 1380.0 held throughout the night, with a bullish breakout occurring around 21:00 ET. The formation of a bullish engulfing pattern at that time signaled a potential reversal of a downward trend. A subsequent bearish reversal at 00:30 ET, with a long lower wick and a small body, suggested a minor pullback but not a breakdown of the overall uptrend. No significant doji or indecision patterns were observed after the 22:00 ET high, reinforcing the bullish sentiment.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages (SMA20 and SMA50) were closely aligned, with price staying above the 20-period line for most of the session. The 50-period line crossed above the 20-period line just before the 21:00 ET breakout, forming a golden cross. On the daily chart, the 50 and 100-period SMAs were nearly flat, but price remained above the 200-period SMA, indicating a longer-term bullish trend. The crossover of the 50-period and 20-period SMAs on the intraday chart supports a continuation of the rally.

MACD & RSI

The MACD line crossed above the signal line (MACD Histogram turned positive) just before the 21:00 ET high, confirming the bullish momentum. The histogram showed increasing divergence between the two lines, which suggests a strengthening of the bullish case. The RSI remained in overbought territory for much of the session, peaking above 70, but did not exceed 75, indicating that the rally was aggressive but not yet overextended. A pullback to the 65–70 RSI range could signal a healthy correction before a new upward leg.

Bollinger Bands

Price action showed moderate volatility over the 24-hour period, with the Bollinger Bands expanding and contracting in response to intraday moves. The bands widened significantly after the 21:00 ET breakout, with price reaching the upper band at 1387.9 before retreating. During the overnight consolidation, the bands narrowed slightly, signaling a potential period of consolidation before a new directional move. Price remained within the bands for the majority of the session, staying closer to the upper boundary, indicating a bullish bias.

Volume & Turnover

Volume spiked significantly after the 21:00 ET breakout, with over 57,513 units traded in a single 15-minute interval. This suggests strong buyer participation at that key level. However, the volume tailed off significantly after the high of the session, indicating that the momentum may not have been fully sustained. Turnover mirrored the volume pattern, with the highest notional value occurring during the breakout and subsequent pullback. The divergence between price and volume in the final hours of the session could indicate a potential slowdown in the upward trend.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute move from 1375.0 to 1387.9, key levels at 38.2% (1383.4) and 61.8% (1380.3) were tested and held during the session. The 38.2% level was particularly significant, as price consolidated around this level for several hours before a final push toward the upper band. The daily Fibonacci levels also showed strong support around 1380.0, with price bouncing off this area multiple times. The 61.8% level on the daily chart could serve as a potential target for the next upward move, assuming the current bullish trend continues.

Backtest Hypothesis

A potential backtesting strategy could focus on using the 20-period and 50-period SMA crossovers on the 15-minute chart as a signal for directional bias, combined with RSI readings to filter for overbought or oversold conditions. A long position could be triggered when the 20 SMA crosses above the 50 SMA and the RSI is in the 40–60 range, indicating a strong but not overextended bullish signal. Stop-loss levels could be placed below key Fibonacci support levels, such as the 61.8% retracement at 1380.3. This strategy would aim to capture the continuation of the current bullish trend while managing risk by exiting or adjusting positions as volume and momentum signals begin to diverge.