Umausd
UMAUSD interest is dropping..Daily volume is low. Stuck between 2 resistances. Little movement. Only bot traders left. Perhaps, low volume is followed by a pump? Risk reward is just not there. There is no momentum. Must drop before it's able to climb again. Or we need some really good UMA news.
Possible short term bearish scenarioWe are currently in a bull run so anything could happen... but right now UMA is making higher highs with a lower RSI. I would not be surprised if UMA went down short term to touch the longer term resistance and then bounce. Overall, UMA is definitely bullish, but I wouldn't say the uptrend is that aggressive.
UMA is Bullish. UMAUSDLook, just one goal here at this stage. Pivoted, impulsing, just taking its time. I am following this one avidly too. NFA and GL.
UMA is Raging. UMAUSDWe have relatively recently crossed the resistance (dotted blue) and have confirmed a pivot. We are going up on this one most surely. I am refraining from drawing target, as it's currently not too clear, but soon will be. As always,don't be stupid, this is not financial advice.
The pump has not even started yetAs you probably know already: The market is extremely bullish today. DTNUSDC is up 400% today? Also, most of defi has seen big gains of 20-30%. However, UMAUSD has been a sleeper. The volume is extremely low.
This could be seen two ways:
A) Low volume means little interest since UMA has had a history of failed pumps.
B) Low volume means the whales are waiting for a higher price confirmation/more buying pressure before entering.
Also side note: Just a little bit of manipulation I noticed. Both of those volume bars were BUY orders. Notice how they make it appear that it was a sell order, and then sell a small amount afterwards to drive price down.
Level to WATCH for either more downward or reversal price action
*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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UMA Price: 70% in Profit by Nov 1?UMA looks bearish right now.
Great opportunity to short the coin.
Do NOT forget about a STOP-LOSS!
Are we close?Whenever the MACD is in the green on the 3hr chart, it's pumping. Hoping for $9 in the short term.
Also: BTC market dominance is dropping and money is flowing back into alt coins today. It takes very little money for UMA to go up.
UMA Coming Back to Shine. UMAUSDVery much the beginnings of an impulse, coming right back up now with a pattern of higher lows. I am watching this space, yet reluctant to call any targets yet.
Bullish pattern apparent will it break to the upside?The current situation:
1. A bullish symmetrical triangle is apparent on the 4HR chart while the price action is near the apex of the triangle. The chance of breaking to the upside is 60% and the measured target is about 11.6 USD
The bearish case: if the price action closes below the 4HR 21MA and below the bottom trend line, then lower price action is expected
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
*These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
VERY bullish signs is a reversal coming soon?The current situation:
1. There is currently a double bottom apparent on the 4 and 6HR chart. The neckline of the pattern is at about 12.15 and the measured move is about 14 if it plays out. Do note that the measured move may not be reached however. It is also currently under most moving averages and they are acting as resistance so it may be a bumpy ride back up unless a sudden pump comes in.
There is also bearish divergence on the BTC dominance 4 and 6 hour chart. If this prompts a reversal, it could be a break for altcoins to run.
2. Volume: from the 6 and 12HR chart, it is apparent that seller volume has decreased with the downward price action so it is a sign that seller strength is weakening.
3. RSI: Bullish divergence is apparent on the 4, 6 and 12HR chart. This can be a catalyst for reversal if it plays out.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
*These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
UMA/USDT (Retest Previous Support)POLONIEX: UMAUSDT
-UMA is trading inside a descending channel after a series of rejection at the trendline resistance
-It is also trading just above the previous support area at 12-11 dollars
-If this immediate support level will hold and see a channel breakout
-That is a good potential entry point for upside continuation up to 26 dollars
-But if this level failed, keep an eye at 8 dollars next major support
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