Market Overview for Yearn.finance/Tether (YFIUSDT) – 2025-11-06

• Price declined from 4,491 to 4,450 amid low turnover and volatile swings.
• Momentum weakened as RSI dropped below 50 and volume remained subdued.
• A bullish reversal attempt emerged near 4,420 but failed to sustain upward traction.
• Volatility expanded with Bollinger Band widening, showing indecision and uncertainty.
• Key support at 4,410 was tested multiple times; a break below risks further downside.

Yearn.finance/Tether (YFIUSDT) opened at 4,472.00 on 2025-11-05 at 12:00 ET and closed at 4,450.00 by 12:00 ET on 2025-11-06. The 24-hour range spanned from a high of 4,574.00 to a low of 4,412.00. Total volume amounted to 198.45587 YFI, with a notional turnover of $884,426.37 (based on average price of ~$4,453.00).

The candlestick pattern suggests a bearish continuation, with the price failing to retest and hold above key resistance levels. Notable intraday bearish engulfing patterns occurred at 4,490 and 4,480, while the 20-period EMA (~4,460) and 50-period EMA (~4,464) provided bearish alignment. RSI dipped below 50, signaling waning bullish momentum, while MACD crossed into negative territory, reinforcing the downtrend. Bollinger Bands widened as volatility increased, with price hovering near the lower band, hinting at potential oversold conditions. However, the lack of strong volume spikes suggests limited conviction in the current direction.

Fibonacci retracement levels drawn from the recent 15-minute swing (4,491 to 4,412) indicate 61.8% retracement at ~4,450, which coincided with the closing price. This level may act as a short-term floor, with 78.6% at ~4,469 offering potential resistance if buyers step in. The daily Fibonacci retracement from the broader 2025-11-05 move also shows 61.8% at ~4,455, reinforcing the significance of this cluster.

The price has shown divergence between volume and price action, with volume remaining subdued despite price declines, which may suggest exhaustion or lack of interest in the short term. While bearish momentum appears to be in control, a sustained rally above 4,460 could re-energize buyers and signal a possible reversal. Traders should watch for a close above 4,465 to confirm any near-term bullish breakout.

The backtesting strategy relies on detecting the Bullish-Engulfing candlestick pattern as a buy signal, typically followed by a one-day-hold approach. While this strategy is effective in trending markets, it requires accurate detection of such patterns from a clean price dataset. In the case of YFIUSDT, attempts to fetch Bullish-Engulfing dates have been hampered by data inconsistencies or unrecognized ticker formats. This highlights the importance of data accuracy and consistency in backtesting efforts.

To proceed effectively, it is recommended to either:- Use an alternative, verified ticker symbol (e.g., BINANCE:YFIUSDT), or
- Provide a manually curated list of Bullish-Engulfing dates, or
- Supply a CSV file of the OHLC data for the full period to enable on-demand pattern detection.

The success of the backtest hinges on the quality of the dataset. Once the pattern detection is confirmed, it can be validated against the price action observed in this report to assess its effectiveness in capturing short-term reversals.