Umausd
UMA ResultWell on the previous analysis I stated that UMA has reached an important resistance level.
so I was waiting for a correction.Now that correction is complete and it reached a support level , and to me it seems like an interesting area to go long.
check the link below to see the previous analysis.
UMAUSDT is Heating up - BOS ConfirmedBOS - Break of structure
KR/KS - Key Resistance/ Support
ATH - All Time High
UMAUSDT🔥 - We are looking to see price fall back to the demand zone since BOS is confirmed.
I will look forward to buying in at demand zone ( 13.621 area )
Follow targets 1 and 2 to secure your profits. You may re-enter at our virtual demand zone and exit 50% at target 2, then leave the rest to see what price will do
Kindly do place your SL below KS.
Like, follow me and Comment below, let me know what you think.
UMAUSD H16: BUY/HOLD 150% gains BEST LEVEL TO BUY(SL/TP)(NEW)Why get subbed to me on Tradingview?
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UMAUSD H16: BUY/HOLD 150% gains BEST LEVEL TO BUY(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: UMAUSD 16hours/candle chart review
::: accumulation setup in progress
::: currently ACCUMULATION MODE
::: BULLS reload low near point C
::: BUY/ACCUMULATE near range lows
::: strong bullish chart
::: up to 150% gains possible later
::: short-term pullback possible
::: bulls wait for pullback
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +150% gains
::: details: see chart
::: FINAL TP is +150%
::: recommended strategy: BUY/HOLD after correction
::: best entry near range lows
::: TP BULLS +150% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BULLS
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
UMA looks greatYOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE
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UMA is Fishing for a Bottom in a Bear MarketUMA (UMA) is in the process of establishing a rounded bottom following the attempt to break above the strong psychological level of $10.00. Technically speaking, UMA is still in a bear market, but the recent rally might be an early sign of a shift in the trend direction.
Stochastic Bullish Readings
Looking at the technical indicators, the stochastic oscillator is emerging from oversold readings on both the daily and the 1-hour chart.
On the 1-hour chart, UMA had the stochastic readings staying in the 80 zone for most of this rally. This is often a sign of more demand than supply and, subsequently, low levels of short interest. Conversely, if the market remains overbought (or oversold) for an extended period, that's actually a sign of strength.
In the short-term, the token is also trading above the key 100 simple moving average, which now comes to around $8.90.
Looking Ahead: The bulls need to take control and keep UMA's price above the considerable round number of $10.00 to keep the bullish momentum going. On the upside, true resistance comes $18.00, while on the downside, the short-term support comes at $9.26.
UMA: ONCE OUT, THERE WILL BE NO STOPPING IT!Volume had almost flattened until recently. It has been climbing gradually and steadily for some time now.
MACD & RSI are poised to scale higher.
This accumulation in the channel means set your alerts and gear up for a fast and furious ride. My alert is set for 34.2. Once a breakout is confirmed, I won't hesitate.
In case of a breakout, my target is 76.
Uma pumps like shit for 5 months! Uma token pumps like shit for 5 straight months! I've seen crypto tokens pumping from a 100% to 400% in the past 5 months, but Uma stays on resesion mode in a bull market like this?
My opinion, this is a shitcoin. The better kept them for what it is if this thing misses out on a bull market like this. Even XRP did it better! 🤦♂️
GTFO!
UMAUSD Bearish DivergenceIt looks like UMA has had a great run against BTC as the price has begun to head downward for the latter. I rarely put the "USD" in the title of my posts as rarely is it significant, but I just want to call out a few things about UMA.
1) UMA is trending well against BTC, with a potential to keep up this trend and fall less drastically if BTC continues to drop (I posted about this previously if you are interested about details)
2) UMAUSD did just have a (slight) breakout, so it is possible to still bounce on the trend line (green dashed line) if the persistence continues against BTC (NOTE: They arrows are more an indication and likely drawn too spread out; if BTC falls, it is very likely to drop sooner and more violently in a shorter amount of time)
Either way, UMA looks interestingly to be one of the few cryptocurrencies that seem to have held up against the latest BTC drop (other than DOGE of course, which is quite possibly in its own "bubble" right now). As to whether it continues is anyone's guess, but it looks like one of the potential "underdog" trends to watch for at the very least entertainment value in the short term if the Bitcoin downward trend continues.
UMA-USD Breakout imminent UMA USD pair, 1D chart.
Price is creating a higher lows and while attempting to surpass a resistance at $29 drew a bullish ascending triangle pattern.
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- Level to flip: $29 USD
- Potential short term target: $35
- Signal to cancel a trade: Break below a trendline (bottom line of ascending triangle).
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What is UMA? (via coingecko )
UMA allows anyone to create collateral-backed synthetic assets on-chain including S&P 500, Gold, Tesla stock, etc.
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This is not an financial advice.
Always do your own research.
Always check a bitcoin chart before trading an altcoins.