Market Overview for Tether/Argentine Peso (USDTARS)

• USDTARS advanced decisively, closing near a 24-hour high of 1473.8 amid a strong bullish trend.
• Volume surged during key breakout moments, validating upward momentum.
• RSI and MACD signaled strong overbought conditions, suggesting possible pullback.
• Price briefly touched the 1473.4 level, hinting at potential resistance clustering.
• Bollinger Bands showed expansion, aligning with increased volatility.

Tether/Argentine Peso (USDTARS) opened at 1400.7 on 2025-09-26 at 16:00 ET and closed at 1465.6 on 2025-09-27 at 12:00 ET. The pair reached a high of 1473.8 and a low of 1400.4, with a total volume of 1,647,626.0 and a notional turnover of USD 2,366,210,109.0 (based on 1465.6 as final price).

The candlestick pattern shows a strong bullish bias throughout the 24-hour window, marked by a series of higher highs and higher lows. A key breakout above the 1432.6 level occurred in early trading, followed by a steady climb toward the 1470.0 level, where it consolidated briefly. A long bullish engulfing pattern formed between 1461.8 and 1462.0, signaling a continuation of the upward trend. A potential bearish reversal pattern may form if the 1461.0 level is retested and fails to hold, but as of the final 15-minute candle, the trend remains intact.

Structure & Formations

Key support levels appear at 1455.0 (tested multiple times), 1461.0 (a potential pivot), and 1459.3 (a prior swing low). Resistance levels cluster at 1461.8–1462.0 and 1468.8–1470.0. A large bullish engulfing pattern formed around 1462.0–1461.7 confirmed the strength of the trend. Additionally, a doji near the high of 1473.8 suggests a temporary pause in momentum, hinting at possible profit-taking or consolidation before the next leg up.

Moving Averages

On the 15-minute chart, the 20-period moving average rose above the 50-period line, confirming a bullish crossover. On the daily chart, the 50-period MA is well above the 100- and 200-period lines, reinforcing the long-term bullish bias. The price closed well above all three moving averages, indicating strong momentum.

MACD & RSI

The MACD line showed a strong positive divergence, with the histogram widening as the trend continued. RSI surged into overbought territory (above 70) during the final hours of the 24-hour window, signaling a potential pause or pullback. However, as long as the RSI remains above 50 and the MACD holds above the signal line, the bullish trend remains intact.

Bollinger Bands

The bands expanded significantly during the upward push, with price staying above the upper band for much of the period. This expansion confirmed a period of high volatility and strong bullish conviction. A contraction is not yet visible, suggesting that the trend is still in motion and likely to continue unless a key support level like 1461.0 fails.

Volume & Turnover

Volume spiked during key breakout moments, especially around the 1432.6 and 1468.8 levels, confirming the strength of the trend. The highest volume spike occurred at 1468.8, with 19,057.0 units traded. Notional turnover also aligned with price action, with no divergence between volume and price movement, suggesting the move is backed by real liquidity.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from 1400.7 to 1473.8, the 38.2% (1452.7) and 61.8% (1427.6) levels appear as potential support zones for any near-term pullback. On a daily basis, the 61.8% level is at 1469.0—close to the recent high—suggesting that a break above this level could confirm a new bullish phase.

Backtest Hypothesis

A potential backtest strategy could involve using the 20/50 crossover on the 15-minute chart as a long entry signal, with a stop-loss placed just below the nearest Fibonacci support (e.g., 1461.0). A take-profit could be set at the 61.8% retracement level (1469.0) or above. Given the strong bullish RSI and MACD readings, this approach could capture a high-probability continuation move, especially if volume confirms the breakout. The strategy would aim to capture momentum while managing risk with defined stops.