TerraUSD Came Into Today Up 0%

The Hourly View for TerraUSD

  • Currently, UST’s price is down $0 (0%) from the hour prior.
  • TerraUSD has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
  • Of note is that the 20 hour changed directions on UST; it is now pointing up. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

TerraUSD’s hourly price chart is shown below.

UST

The Daily View for TerraUSD

  • At the time of this writing, UST’s price is down $0 (0%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • Regarding the trend, note that the strongest trend exists on the 20 day timeframe.
  • Of note is that the 100, 200 and 50 day changed directions on UST; they are now pointing up. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between UST’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in UST’s price.

Below is a daily price chart of TerraUSD.

UST

Featured TerraUSD Commentary From Twitter

On the radar:
-China data
-US retail sales, Philly Fed
-lots of Fed-speak
-delayed CoT data

Markets: UST 10yr yields rebounding/consolidating (rejected attempt at breaking down), USD made an initial breakout above 95, gold also making an initial breakout, stocks wobbling…NA

Callum_Thomas