TerraUSD Closed Yesterday Up 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.
  • TerraUSD has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears.
  • From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes.
  • Regarding moving averages, it should first be noted that price has crossed the 20 and 50 hour moving averages, resulting in them so that price is now turning above them. 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.

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The Daily View for TerraUSD

  • At the time of this writing, UST’s price is up $0 (0.1%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • 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 100 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.

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