Market Overview: Tether/Zloty (USDTPLN) 24-Hour Analysis

• Tether/Zloty (USDTPLN) formed a bullish continuation pattern as price edged higher through consolidation.
• Price closed near the 15-minute high at 3.643, suggesting upward bias with positive momentum.
• Increased volume and turnover in the final hours indicate growing buyer participation.
• RSI showed moderate strength with no overbought signals, indicating potential for further gains.
• Volatility remained stable, with price staying within Bollinger Band midpoints during key sessions.

Tether/Zloty (USDTPLN) opened at 3.624 on October 28 at 12:00 ET and closed at 3.643 at 12:00 ET on October 29, hitting a high of 3.643 and a low of 3.622. Total volume over the 24-hour period amounted to 293,350.0 units, while total turnover reached approximately 947,409.8 PLN. The pair appears to be in a modest bullish phase, with price consolidating above key intraday support and forming a series of higher lows.

Over the 24-hour 15-minute chart, USDTPLN showed a clear upward bias, with price forming a series of higher highs and higher lows. Key support levels were observed around 3.625–3.627, with the pair failing to break below these in the final hours. Resistance emerged at 3.643, where price briefly tested the upper Bollinger Band during the late ET hours. A bullish engulfing pattern was observed at 08:30 ET as the pair opened at 3.636 and closed at 3.638 after reaching a high of 3.638. The 20-period moving average (3.636) and 50-period (3.635) remained closely aligned, suggesting no strong divergence in trend direction.

MACD (12,26,9) showed a positive crossover with a rising histogram, indicating strengthening bullish momentum. RSI hovered between 50–60 for most of the 24-hour window, suggesting moderate strength with no imminent overbought conditions. Volatility remained relatively stable, with the 20-period Bollinger Bands narrowing slightly at midday before expanding again as the pair approached key resistance. Price generally stayed within the bands, with no clear breakout attempted. A notable divergence appeared between price and volume in the early hours, but this was quickly resolved as volume spiked again in the final hours, confirming the upward move.

Applying Fibonacci retracement levels to the recent 15-minute swing (3.622–3.643), key retracement levels of 3.636 (38.2%) and 3.630 (61.8%) were observed. These levels served as temporary consolidation zones before the price continued its upward trend. The 61.8% level at 3.630 was successfully tested twice and held as support. On the daily chart, the 50-period moving average remains above the 100- and 200-period lines, reinforcing a neutral-to-bullish bias. A break above 3.643 may invite a test of 3.650, while a breakdown below 3.625 could see a return to 3.615.

Backtest Hypothesis

To evaluate the potential profitability of a 15-minute holding strategy based on the Bullish Engulfing candlestick pattern, we would first confirm that 15-minute OHLCV data for the USDTPLN pair are available for the period in question. Assuming these data are accessible, we would back-test the performance of a signal triggered by the pattern — defined as an entry at the open of the following 15-minute bar and an exit at close of that bar. This strategy would be tested across the 2022–2025 period, focusing on how it performs during volatile and consolidating market phases. Given the current technical bias toward continuation and moderate momentum, this strategy may offer a high signal-to-noise ratio for short-term gains. However, risks include false breakouts and slippage during low-liquidity periods.