TerraUSD Closed Yesterday Down -0.1%

The Hourly View for TerraUSD

  • At the time of this writing, UST’s price is up $0 (0.1%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as TerraUSD has now gone down 8 of the past 10 hours.
  • Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
  • Most noteworthy in the world of moving averages on the hourly chart is that the 20 and 50 hour moving averages have been crossed, so that price is now turning above them. The moving averages on the hourly 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.

TerraUSD’s hourly price chart is shown below.

UST

The Daily View for TerraUSD

  • Currently, UST’s price is down $0 (-0.1%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
  • Of note is that the 200 day changed directions on UST; it is now pointing down. 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.

Below is a daily price chart of TerraUSD.

UST

Featured TerraUSD Commentary From Twitter

#DiveIn: Fancy Auction Terminology
▪️ Ugly UST Auction; yields spike further post strong CPI
▪️ 30y Bond auction tailed whopping 5.2bp
▪️ High Yield 1.94% v/s When Issued 1.888%
▪️ Bid-To-Cover BTC 2.20x < 1y & 5y avg
▪️ Primary dealers’ heavy lifting: 25.2% v/s 1y avg 18%

1/7 https://t.co/iT42BT3B2ZNA

Gloeschi