• Value surged from 0.2144 to 0.2242 on 24-hour 15-min chart
• 61.8% Fibonacci stage at 0.2211 acted as key resistance
• RSI hit overbought territory throughout late-night bullish rally
• Quantity spiked throughout 0.22–0.2242 transfer, confirming power
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Band width expanded as volatility elevated
At 12:00 ET–1 on September 17, World Liberty Financial/Tether (WLFIUSDT) opened at 0.2144. The worth reached a excessive of 0.2242, fell to a low of 0.2072, and closed at 0.2201 at 12:00 ET on September 18. The 24-hour complete quantity amounted to 660,082,255.5 and notional turnover reached $138,427,818.42, exhibiting robust buying and selling curiosity.
The worth construction over the previous 24 hours revealed a bullish breakout from a consolidation vary between 0.2140 and 0.2170, which led to a pointy upward transfer. A key assist stage shaped round 0.2140, and a 61.8% Fibonacci retracement stage at 0.2211 was briefly examined as resistance earlier than the worth continued upward. A number of bullish engulfing and inside bar patterns emerged throughout the upward part, reinforcing the optimistic momentum. A notable 15-minute doji appeared at 20:45 ET on September 17, hinting at short-term indecision.
On the 15-minute chart, the 20-period and 50-period transferring averages each moved larger, with value holding above each. The 20-period line crossed above the 50-period line, indicating a possible short-term bullish bias. The MACD crossed into optimistic territory at 20:30 ET on September 17, with a robust bullish divergence between value and histogram. The RSI hit overbought territory above 70 a number of occasions between 21:00 and 23:30 ET, indicating aggressive shopping for throughout the rally. Volatility spiked as Bollinger Bands widened, with value reaching the higher band a number of occasions, suggesting heightened uncertainty and powerful directional momentum.
Quantity and notional turnover elevated considerably throughout the breakout part, confirming the worth motion. Notably, the 0.2140–0.2242 rally noticed a 2–3x enhance in quantity in comparison with earlier intervals, suggesting robust institutional participation. The divergence between value and quantity was minimal, which helps the reliability of the bullish transfer. The 61.8% Fibonacci stage at 0.2211 additionally coincided with a short-term resistance space from earlier consolidation, reinforcing its significance as a possible turning level.
The backtest technique outlined entails figuring out short-term bullish divergences within the RSI and confirming them with quantity will increase. Throughout the 22:30–23:30 ET interval, a transparent overbought RSI divergence shaped alongside a quantity surge. This could possibly be used as an entry set off for a short-term lengthy commerce. The technique would then goal the following key Fibonacci extension stage at 0.2255 whereas inserting a stop-loss just under the 0.2190 assist stage.
