TerraUSD is Down for the 2nd Day in a Row

The Hourly View for TerraUSD

  • At the time of this writing, UST’s price is up $0 (0.1%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved down.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 100, 20 and 200 hour moving averages, resulting in them 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%) from the day prior.
  • The daily chart shows that TerraUSD has seen 2 straight down days.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Of note is that the 200 day changed directions on UST; it is now pointing up. The moving averages on the daily 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.

Below is a daily price chart of TerraUSD.

UST

Featured TerraUSD Commentary From Twitter

The lack of dark leverage since 2018 (as well as 2008) explains a lot of things in the real economy, but also bank behavior like lack of lending, banking system preferring instead to hold only safe and liquid like GSE or UST securities.

https://t.co/jJxlxDhB2J https://t.co/PiWFTlLe9J

JeffSnider_AIP