TerraUSD Enters Today Up 0%

The Hourly View for TerraUSD

  • At the time of this writing, UST’s price is down $0 (0%) from the hour prior.
  • TerraUSD has seen its price go down 24 out of the past 30 hours, thus creating some compelling opportunities for bears.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes.
  • Of note is that the 200 hour changed directions on UST; it is now pointing up. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

TerraUSD’s hourly price chart is shown below.

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The Daily View for TerraUSD

  • At the moment, UST’s price is down $0 (0%) 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.
  • 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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Featured TerraUSD Commentary From Twitter

@gamesblazer06 @RobinBrooksIIF IMO You’re ignoring the most fundamental cause though – too much supply & not enough demand after foreign CB’s all but stopped buying USTs in 3q14.

Since 3q14, foreign & int’l UST holdgs up ~$700B, US Federal debt up $11T

Domestic pvt sector choked on too much supply, needed QENA

LukeGromen