Radworks/Tether Market Overview

Summary
• Price rose from 0.426 to 0.449, with a 24-hour high at 0.45.
• Strong volume spike observed in the late afternoon.
• RSI suggests overbought conditions, indicating potential pullback.

RADUSDT opened at 0.426 on 2025-11-07 at 12:00 ET, reached a high of 0.45, touched a low of 0.424, and closed at 0.443 by 12:00 ET on 2025-11-08. Total 24-hour volume was 1,313,865, and notional turnover (amount × price) was approximately 587,564.

The 24-hour candlestick pattern on a 15-minute chart shows a strong upward bias with a key breakout near 0.45, forming a potential bullish continuation pattern. Support levels appear at 0.443–0.445, while resistance holds at 0.45 and 0.454. A doji formed around 0.448 in the early morning, suggesting indecision after the initial surge.

MACD is positive with a narrowing histogram, indicating waning momentum. RSI has entered overbought territory (61–66) in the final hours, raising the probability of a near-term correction. Bollinger Bands show a moderate expansion in the late afternoon, aligning with increased volatility and volume.

Price has hovered near the upper band of Bollinger, suggesting a potential reversal or consolidation. A Fibonacci retrace of the 0.424–0.45 move shows 0.443 as the 78.6% level, with a 61.8% level near 0.446. Volume and turnover diverged in the evening hours, with volume declining while price continued to rise, signaling a potential exhaustion phase.

Backtest Hypothesis

The proposed backtest seeks to evaluate the performance of the Bullish Engulfing candlestick pattern in predicting short-term price reversals on a confirmed ticker. Given the absence of data for “BLSH.N,” the strategy remains unverified for this symbol. Once a valid ticker is confirmed (e.g., an active crypto or equity), we can backtest the pattern’s 3-day holding period returns from 2022–01–01 to 2025–11–08.

The hypothesis aligns with the current observation of potential bullish formations in the 15-minute chart—namely, a strong engulfing move from 0.426 to 0.443, followed by a doji near 0.448. If validated historically, such patterns may indicate a high-probability entry for long positions with a 3-day target.