UMA has been consolidating since end of May into a range between 14$ and 9$.
We are now at resistance which mean we could get rejected here, but volumes have entered well yesterday and MACD Daily/Weekly are looking good. BB are also opening in Daily which mean the move could continue and break the resistance.
A retest to 12$/11$ area would be an opportunity to go long and target a larger move higher into 20$ then 40$.
We are now at resistance which mean we could get rejected here, but volumes have entered well yesterday and MACD Daily/Weekly are looking good. BB are also opening in Daily which mean the move could continue and break the resistance.
A retest to 12$/11$ area would be an opportunity to go long and target a larger move higher into 20$ then 40$.
Note
UMA is now on the support area under 12$, MACD H4 still well red, i would wait for it to turn green before trying a buy, Let's see tomorrow or into monday how it turn.We could try a long here on mid term view otherwise waiting a bit more could give a better price. On long term it is a good price enter a buy.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.