Market Overview for Tether/Hryvnia (USDTUAH)

Summary
• Price action remained in a tight range, showing limited directional bias.
• Morning volatility dipped, followed by a late-night rebound and consolidation.
• Volume saw a midday spike and evening tapering, with no strong momentum signals.

The Tether/Hryvnia (USDTUAH) pair opened at 43.93 on 2025-11-08 at 12:00 ET and traded between 43.84 and 43.95 over the next 24 hours, closing at 43.92 at 12:00 ET. Total volume for the period was 13,374 units, with a notional turnover of 578,078 Hryvnia. Price action showed signs of consolidation with no clear breakouts, suggesting a cautious market.

Structure & Formations

Key support appears near the 43.85–43.86 level, where price has bounced multiple times, suggesting a short-term floor. Resistance levels at 43.91–43.92 appear to cap upward movement. A small bearish engulfing pattern was observed just before the close of the day, which may signal a pause in bullish momentum. No strong reversal patterns emerged, indicating continued sideways trading.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages closely aligned, with price hovering slightly above. This suggests a neutral bias without a strong directional signal. Over the daily timeframe, the 50-period moving average has remained relatively flat, reinforcing the idea of consolidation.

MACD & RSI

The MACD remained near the zero line, with no clear signal for a trend change. The RSI hovered around the 50 level for most of the day, indicating a balanced market. There were no overbought or oversold conditions, reinforcing the idea that the market is in a low-energy, range-bound state.

Bollinger Bands

Price action stayed within the Bollinger Bands throughout the period, with the mid-bands showing a flat trend. Volatility was limited, with the bands not widening at any point, indicating a lack of significant price swings. The closing price of the day rested just below the upper band, suggesting some short-term optimism.

Volume & Turnover

Volume spiked around 18:30–19:00 ET with a large candle moving from 43.9 to 43.86, confirming the consolidation phase. Turnover followed volume closely, with no signs of divergence. However, volume tailed off significantly in the final hours of the period, suggesting waning interest.

Fibonacci Retracements

Applying Fibonacci levels to the recent 43.84–43.91 swing, the 38.2% level aligns near 43.88, while the 61.8% level is at 43.91. Price tested both levels, bouncing at 43.88 and 43.91, reinforcing their significance. These levels could act as reference points for potential support/resistance in the near term.

Backtest Hypothesis

In evaluating potential trade signals, a backtest strategy has been proposed but is currently stalled due to a missing dataset for a specific ticker. This underscores the importance of accurate data inputs in validating technical indicators. The current chart pattern and Fibonacci levels may serve as a proxy for identifying potential entry points for a similar strategy once the data issue is resolved.