UMA BREAKOUT ALERT! WAIT FOR THE RETEST.If you are looking for shitcoin that can pump, check out UMA. Consolidates for almost one month. Next time you will see it close above $26 get in and hodl for $32 or above. From current price it is approximately 40% profit. Can do easily more if breakout above $30 resistance.
Umausd
UMA - The mother of all pennantsUMA seems to be forming a massive pennant, a break out of either side should lead to an explosive move. The last time this thing went on a run, it 4x'd in a matter of a few days. A breakout to the upside could be a nice trade for MASSIVE gains. Technicals aside its a promising project similar to SNX, Don't sleep on this one!
UMAUSDT Projection!Here is my new system for my followers. I often get asked directly where to enter and where to exit. From today my charts will be displayed as above. As with all trading, probability plays a huge factor and other variables further decide where the price will go. I never truly know! This system looks for price overlap or equilibrium, the yellow boxes. Mixed with a quick RSI and a MACD with standard settings displayed as bars: green for up, purple for down, and gray for undecided, plus price inside channel above the 21 and 50 EMA. I hope this will help you swing trade and gain some profit. Good luck!
UMA/USD: NO Whammy NO Whammy! STOP! CASH? Pls?!What's Up my Financial Amigo's & Amigas:
Keeping it simple since I've had too much scotch at this point:
Shown here is a basic(ish) 3 Base Step Parabolic Curve Structure (or seemingly so despite a less than perfect step structure IMO - such may likely be worsened from the aforementioned scotch), Regardless: wherein, X mark'ith that M'Fing spot on that M'Fing plane, located just prior to largest leg up (thus far - Step 3).
Also, not TA per se...but my gut got a tingle this afternoon when I was walking my dog, so I bought some. Sometimes a gut is much more reliable than TA...and sometime you also lose money way faster lol. Gamble was and is easier said and done during bull markets I know, but the trend is ur friend, don't hate the playa, hate the game, yadi-yadi-yadi, where is my boat, etc.,
Also and essentially: I just think its time for UMA to move another leg up, or if not still, very close. It could also and very well go higher, but IDK, this is my first bull run so I am still unsure of how large gains can be----and honestly I am still burned a bit with have scars on my scars from last bear market...So 293% Profit will have to do...for now. Come get some!
If so... or even close to that, well honestly, I am gonna be the one who becomes parabolic if u know what I mean...get it...lol sorry but that joke was simply "too hard" to resist. ;)
Either way I'll prob sell sooner that my projection in order to pt those funds into another opportunity (since I am not a whale and still have bills to pay you arrogant trust fund babies in the chat room) JK, It's okay, I am jealous of that sort of financial freedom, but all good things come to those who wait right?!!? *** cough cough OXT cough cough ***
NOT financial advice. GL trading ladies and gents/people, etc.
UMAUSDT (UMA) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- UMAUSDT brokeout above the horizontal resistance level and hit an ATH
- Price then retraced for a retest of the flip horizontal support and 0.618 fibonacci retracement level.
- RSI is printing a bullish divergence signal (BDS 🔼).
- The retracement is bounded in the falling wedge pattern.
- A falling wedge pattern is a bullish reversal pattern.
- A breakout above the falling wedge's resistance could be an uptrend continuation signal.
- Price action is printing a double bottom pattern at the retest area.
- A double bottom pattern is a bullish reversal pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
-Breakdown below the double bottom horizontal support level.
🆓UMA/USDT Analysis (24/2) #UMA $UMAThere is good buying force at 20$ zone and now it is heading to 30$ zone, this zone is very strong so I think it will take us some days to break through this zone to move up to re-test the ATH at 42$ zone
📈BUY
-Buy: 20-21$. SL if B
-Buy: 29-30$ if A. SL if B
📉SELL
-Sell: 29-30$. SL if A
-Sell: 41-43$. SL if A
♻️BACK-UP
-Sell: 20-21$ if B. SL if A
-Buy: 15.5-16.5$. SL if B
❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"
UMA/USD 4h Possible Cup and Handle by the End of MarchPlaying around with the price predictions I've came over the potential for a huge Cup and Handle pattern for the Unified Market Access USD pair.
Of course this is just one of possible scenarios and yeah, it's a positive one. Let's watch what will happen soon.
Meanwhile I'm using the market dip to perform dollar cost averaging for the UMAUSD pair.
This is not an investment advice as I'm not a financial advisor.
Make your investment decisions at your own risk and perform your own researches.
And REMEMBER: Likes and comments make your trades much more successful :)
UMAUSDT (UMA) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- UMAUSDT is printing a falling wedge pattern.
- This is reversal pattern.
- A bullish pattern to be precise.
- Price action is printing the double bottom pattern.
- This is also a bullish reversal pattern.
- RSI is printing a bullish divergence signal.
- Price is testing the falling wedge's resistance and double bottom neckline resistance.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance and the double bottom neckline resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
SETUP INVALIDATION ❌
- Breakdown below the double bottom horizontal support level (S1).
UMAUSDT (UMA) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- UMAUSDT was printing a falling wedge pattern.
- This is a bullish reversal pattern.
- Price brokeout above the falling wedge's resistance.
- Price retraced and tested the 0.618 fibonacci retracement level.
- Price action is currently printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Aggressive (risky): current market price (now).
- Conservative: breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
UMA creating a descending triangle UMA is looking very undecided at the moment.
Looking at the chart, we are seeing a clear downtrend. Yet, if we pay attention to the RSI, it signals that UMA is a bit undervalued at the moment, on the hourly chart. On the 4 hour chart, it does signal slight overboughtness, increasing it on the daily chart, which indicates that we are being overtaken by a bearish trend.
Similarly to the RSI, on hourly chart MACD is also undecided and can go either way from here.
Confused as probably you are, I decided to dive and investigate the on-chain data and where does signal a clear bullish trend which may mean that we are now is a perfect buying zone. This also proved with the Fibonacci retracement.
We are also coming to an important breaking point of a descending triangle which started its creation since our huge breakout on 3rd of February and later today we should confirm breakout or breakdown from the triangle.
With this all in mind, we have two scenarios:
1. Jump to 34 EUR and confirm the new all time high
2. Fall to 14 EUR where we have solid support from the early investors
Let me know your opinion on this and let's discuss our best moves here.
Happy trading.
If you would like to receive more useful information from me, feel free to support me. I am receiving donations in ETH: 0xb956624FD00377DBE5ce1c5dc43f5d3fA4e97f38
UMA LONG - The Next Top 10 Coin This Currency Handles The Market Conditions Excellently As You Will See In The Near Future, Expect to see this coin handle the market better than XRP
- Soon To Be A Top 10 Ranked Coin
Circulating Supply - 55,738,359 UMA
55% Max Supply
101,172,570 Total Supply
101,362,990 Max Supply
Current MarketCap - $1,606,369,925 ^84.02%
Volume 24h $826,593,628
Market Rank #32
What Is UMA ?
UMA, or Universal Market Access, is a protocol for the creation of synthetic assets based on the Ethereum (ETH) blockchain. UMA was launched in December 2018.
Synthetic assets are a class of assets that represent different, underlying assets and have the same value. UMA specifically enables its users to design and create self-executing, self-enforcing financial contracts secured by economic incentives and run them on Ethereum’s blockchain.
In essence, UMA allows counterparties to digitize and automate any real-world financial derivatives, such as futures, contracts for differences (CFDs) or total return swaps. It also enables the creation of self-fulfilling derivative contracts based on digital assets, like other cryptocurrencies.
Who Are the Founders of UMA?
UMA was co-founded by Hart Lambur and Allison Lu, who met on the Goldman Sachs trading floor.
In 2005, Lambur graduated from Columbia University with a computer science degree. In addition to co-founding UMA, he is also the CEO and co-founder of Risk Labs, the company in charge of developing the Universal Market Access protocol.
Prior to UMA and Risk Labs, Lambur worked as a research assistant at Columbia and as a government bond trader at Goldman Sachs. He has also founded and headed Openfolio, a personal finance tracking platform which he sold to Stone Ridge Asset Management in 2017.
Allison Lu has received a degree in Economics and Management from the Massachusetts Institute of Technology.
Between 2009 and 2015, she worked as a vice president at Goldman Sachs, where Lu and Lambur met. Afterward, Lu worked as the VP of credit & risk analysis at the financial services mobile app Tala. She was also an advisor at One Daijo, an Ethereum-based peer-to-peer lending platform.
What Makes UMA Unique?
The main idea behind Universal Market Access is reflected in its name: by developing a protocol for the creation of synthetic assets and financial contracts on the blockchain, it seeks to democratize and decentralize the financial derivatives market.
The traditional financial markets have high barriers to entry in the form of regulations and custody requirements, which tend to preclude individuals from participating in them. It is often especially difficult for would-be traders and investors to take part in markets outside of their local financial system. This prevents the emergence of a truly inclusive global financial market and limits participation to a handful of institutions that can afford the necessary due diligence and legal procedures.
UMA contracts, on the other hand, are based on Ethereum’s blockchain, whose permissionless nature allows any user to create, run and trade digitized derivatives from anywhere in the world. This accessibility is especially important for the developing economies around the globe, where financial institutions are frequently far from maturity, forcing local market participants into relative isolation.
BINANCE:UMAUSDT
BINANCE:UMABTC
GEMINI:UMAUSD
COINBASE:UMAUSD
POLONIEX:UMAUSDT
OKEX:UMAUSDT
COINBASE:UMAEUR
BINANCE:UMAUSD
KUCOIN:UMAUSDT
OKEX:UMAETH
COINBASE:UMAGBP
BITTREX:UMAUSD
HUOBI:UMAETH
HUOBI:UMAUSDT
COINBASE:UMABTC
BITTREX:UMAUSDT
BITTREX:UMAEUR
HITBTC:UMAUSDT
BITHUMB:UMAKRW
BITTREX:UMABTC
BITTREX:UMAETH
HITBTC:UMABTC
HITBTC:UMAUSD
HUOBI:UMABTC
UNISWAP:UMAWETH
UMAUSDT (Waiting for the resistance zone breakout)UMAUSDT (Day CHART) Technical Analysis Update
Waiting for the resistance zone breakout
UMA/USDT currently trading at $12.36
Buy-level: Above $13.40 (Only if 4 h candle close above resistance zone at $13.40)
Stop loss: I will update once I see the breakout
Resistance level 1 (Target 1): 16.25
Resistance level 2 (Target 2): $19.84
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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