Market Overview for Tether/Hryvnia (USDTUAH) - 2025-11-05

Summary
• Price surged to a 24-hour peak of 44.31 UAH before consolidating near 44.12.
• Volatility spiked mid-day with heavy volume on a sharp 4.1% decline from 44.31 to 43.62.
• RSI and MACD suggest waning momentum, with price consolidating near key support at 44.05.

Tether/Hryvnia (USDTUAH) opened at 43.92 UAH at 12:00 ET–1 and traded as high as 44.31 UAH before closing at 44.12 UAH at 12:00 ET. Total volume reached 210,946.0 UAH, with turnover reflecting significant price swings and liquidity shifts.

The 24-hour candlestick pattern showed a strong bullish bias early in the session, with a sharp rally in the 18:15–19:30 ET range. Price then reversed sharply, posting a bearish reversal pattern around 22:15 ET as volume surged to 15,222.0 UAH. This suggests potential exhaustion of the upward trend and a retesting of support levels.

Support levels appear to hold near 44.05–44.10 UAH, with resistance emerging around 44.24 UAH. A bearish engulfing pattern formed during the early morning hours, indicating a potential trend reversal. A doji candle appeared near 04:45 ET, signaling indecision and a possible consolidation phase.

Bollinger Bands showed a wide expansion during the early price surge, followed by a contraction as price settled into a range. RSI reached overbought territory before the pullback, confirming a momentum shift. MACD turned negative mid-session, suggesting a bearish divergence.

Fibonacci retracements indicate 44.05 UAH as a key 38.2% level from the 44.31 high, with 61.8% at 44.10 UAH. Price appears to have found a floor near this level, with potential for a short-term bounce or retest of 44.24 UAH. The 20-period moving average on the 15-minute chart currently sits at 44.10 UAH, aligning with Fibonacci support.

Looking ahead, investors may see short-term volatility around 44.05–44.10 UAH before a directional bias emerges. A break below 44.05 could target 43.95 UAH, while a close above 44.24 UAH could rekindle bullish momentum.

Backtest Hypothesis

The backtest strategy focuses on detecting the “Bullish Engulfing” candlestick pattern for the USDTUAH pair. While no direct data was available, the recent candlestick formations offer a proxy for testing. A Bullish Engulfing pattern occurred briefly near the session’s open, with a small bearish candle followed by a large bullish one. This pattern historically has a high success rate in signaling trend reversals. To validate the strategy, further data and a precise exchange-specific ticker symbol (e.g., “USDT-UAH” on Binance) would be required to ensure accurate pattern detection and performance metrics.