UMAUSDTNSE:UMA ~ 5D
#UMA If you still have Conviction on this coin, buy gradually on this support block. Minimum target 20%++
UMAUSDT
UMA ANALYSIS📊 #UMA Analysis
✅There is a formation of Descending Channel Pattern in daily timeframe.
We can see a breakdown of major trendline in #UMA and we would see a little more retest towards it's support zone and then a bullish movement could be seen
👀Current Price: $2.477
🚀 Target Price: $4.370
⚡️What to do ?
👀Keep an eye on #UMA price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#UMA #Cryptocurrency #Breakout #TechnicalAnalysis #DYOR
UMAUSDTUMA ~ 5D ✅
#UMA Make purchases gradually in this pattern. In our opinion, it is only a matter of time that this descending pattern is successfully broken.
UMA - Three D(r)ives Down PATTERNUMA is approaching an ideal buy-back zone whilst forming an important chart pattern - the Three Dives Down Pattern.
This pattern goes by many names including Three Drivers, Three Drives Down and Three Dives Down (which is the one I prefer to use). This pattern is bearish for the SHORT term, but bullish for the NEAR and LONGER term.
It's important to note that this analysis is from a macro timeframe, with the aim on identifying the key buy-back or re-accumulation zone. From the daily and lower timeframes, the price could easily increase by large amounts however, keep in mind we're looking for an accumulation zone not for swing trades in this post.
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BINANCE:UMAUSDT
UMAUSDT.1DAnalyzing the UMA/USDT chart on a daily timeframe provides insight into its recent performance and potential future trends. The chart reflects a volatile but generally bearish trend, highlighted by a significant spike followed by a consistent decline.
Key Observations:
Resistance and Support Levels: The chart illustrates three distinct resistance levels (R1 at around $4.629, R2 at $3.892, and R3 at $2.383) and a support level (S1 at $1.433). Currently, the price is hovering near S1, suggesting a critical juncture; if this support holds, it could prevent further declines.
MACD Indicator: The Moving Average Convergence Divergence (MACD) is nearly touching the baseline, indicating a potential change in momentum. While still in the negative, the decreasing distance between the MACD line and the signal line could hint at a reducing bearish momentum.
RSI Levels: The Relative Strength Index (RSI) is at 46, which is neither in the oversold nor overbought territory. This level suggests a relative balance between buyers and sellers, though it leans slightly toward bearish conditions given the trend.
Technical Analysis and Conclusion:
The chart's downward trajectory following the spike suggests that the market reacted negatively to a possible overvaluation, or it could be adjusting after a speculative rally. Given the current proximity to the support level at $1.433, this is a crucial area to watch. A break below this support could lead to further declines, potentially testing new lows. Conversely, if the price stabilizes or rebounds off this support, it might attempt to retest resistance levels, particularly R2 and R3 as potential targets for a bullish recovery.
Trading Strategy:
Given the current setup, I would adopt a cautious approach. If considering entry, one strategy would be to wait for a confirmed rebound from S1 to consider a long position with a target at R2 or R3, using a tight stop-loss just below S1 to minimize potential losses from a breakdown. Conversely, a break below S1 could be a signal for a short position, targeting further declines, though always considering the volatile nature of this asset.
Overall, UMA/USDT presents a challenging yet potentially rewarding setup, requiring close monitoring of these technical levels and broader market sentiment for more informed decision-making.
UMA ANALYSIS (1D)Now we have more data on the chart and the scenario seems clearer.
From the place where we entered "start" on the chart, the UMA correction has started.
This correction seems to be a large diametric that we are now in wave E of this diametric.
If the price reaches the green range, we will look for buy/long positions in this range and save the position with a reasonable profit.
Closing a daily candle below the invalidation level will violate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
UMA sell/short setupWe are looking for sell/short positions in the supply range.
The targets are marked on the chart.
At the bottom of the chart we have a lot of IFC moves.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Expected to hit the bottom of the channelThe overall trend for UMA is bearish. It ranges for a while, then makes a shadow upward move before continuing to drop. UMA is in a descending channel and continues its downward trend within this channel. The expected scenario is that UMA will hit the bottom of the channel and then move upward towards the top of the channel.
UMA gold signal#UMA price is completing the ascending triangle pattern. When the price can break the resistance of the pattern, it can grow again to its previous ceiling.
The demand level of $3.100-$3.200 - is being consumed well. It is expected that the supply level of 3,800-3,600 dollars will be completely consumed soon, and the price will start to grow.
If the demand level is broken and the price falls below it, the trend will be downward.
thank you
UMA token completed a setup for upto 16.50% pumpHi dear members, hope you are well and welcome to the new trade setup of UMA token with US Dollar pair.
Previously we caught 33% pump of UMA as below:
Now on a 2-hr time frame, UMA has formed a bullish AB=CD move for next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
umaWe have an important resistance in this area that if he can establish in the daily team, high numbers will be available
UMAUSDT Short Timeframe Analysis/PredictionThis analysis is based on the Heikin Ashi candlestick chart for the UMA/USDT trading pair within a short-term timeframe.
Trend Analysis
The chart depicts a sequence of lower highs (LH) and higher lows (HL), an indication of a consolidating market. However, the most recent price action shows a break below a key support level with a subsequent lower high and lower low, suggesting a shift towards a bearish trend.
Support and Resistance Levels
Support and resistance levels can be observed, with the most recent price action breaking below support at around $3.80. The next key support level appears to be around $3.50. The price has faced resistance at approximately $4.00 to $4.20.
Trading Strategy
Giving the recent lower highs and support breakdown, a bearish stance would be logical. Traders might consider short-selling at a pullback towards the broken support now resistance, approximately at $3.80, with a tight stop-loss above this level, for instance, at $3.90. The target for this trade could be set above the next support level of $3.50, at around $3.55, to account for potential reversals before the level is reached. If the price were to break back above the $3.80 level, reassessment of the market conditions would be necessary to ensure that the trader is not caught in a bear trap.
Disclaimer
This analysis is for educational purposes only and should not be construed as financial advice. Proper risk management and due diligence are essential when trading.
UMAUSDT(UMA) Daily tf Range Updated till 09-05-24UMAUSDT(UMA) Daily timeframe range. many alt's following similar pattern. easy to spot and easy setups for profit. now in here it tried to break 3.496 but not a healthy close.need a clean close no other way.recent retrace point is at 2.426.
#UMA/USDT#UMA
The price is moving in a bearish flag channel on a 12-hour frame and we have a support area in green at the level of the lower border of the channel at the price of 3.50.
We have a tendency to stabilize above the Moving Average 100
The RSI indicator has a downtrend that is about to break higher
Entry price 3.877
The first goal is 4.485
Second goal 5.54
Third goal 6.97
UmaUsdtMany of you may not have heard of uma. But I personally believe that it is a good oracle that is still left in the market from the previous Bolran. If you think that you are left behind from link movements, maybe you can be successful in this investment with little money
Of course, this is not a financial offer and the research is your responsibility.
If it manages to get out of this downward channel, it can definitely have good growth.
Don't forget that after this growth in the market, many currencies can be corrected and there might be a good place to buy
Good luck
EntryPoint:
3.844
3.256
2.635
Supports:
2.014
1.750
1.432
0.980
Resistances: (can break this resistances lines. break downtrend channel)
4.854
5.608
6.647
Targets:
7.867
9.975
13.484
MidTime:
19.806
24.234
32.373
HODL.GOAL:
55.484
GL
UMAUSDT(UMA) Daily tf Range Updated till 10-03-24UMAUSDT(UMA) Daily timeframe range. 4.009 holding strong here for now. if it can hold it a retrace back to 6.104 is very much possible. there were some fakeout at 4.009 but it bought back by buyers.
UMA NEW INCREASE VOLUME ENTERINGThank you for reading this trend update.
UMA: USDT showing a new volume trend what can bring this coin in the next time frames into confirmation of the trend?
We will follow the coin to see if it's able to confirm.
UMA gearing up for $7 Dollars.UMA is gearing up for a $7 rally soon. The breakout has already taken place, and soon we will possibly see UMA with a 70%-100% gain. This trade setup is both for spot and futures, so make sure you do your own research before investing.
Entry: $3.78 to CMP.
Stop loss: $3.619.
Targets: $4.85, $5.44, $6.08, $7.12.
Regards,
Team Dexter.
UMA ANALYSIS💥💥#UMA Analysis 🚀🚀
🔮 Falling wedge Breakout has already Done in #UMA in 8H timeframe.✅
Now,ready for good bullish wave, maximum chance to gain is 40% profit in coming days.... 💸💸
👀Current Price: $4.218
🚀 Target Price: $5.743
⚡️What to do ?
👀Keep an eye on #UMA price action and volume. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️
#UMA #Cryptocurrency #TechnicalAnalysis #DYOR
BULLISH MARKET UMAUSDT - GRAB A BAGEmissary over here. Bullish market. Grab a bag. Very early entry.
Yellow line entry limit order - 4.222
Green line take profit - 4.736
Red line stop loss - 3.981
Setup will resolve in 2-3 days, maybe 5. No leverage needed.
DYOR, greettings
Leave your support, comment, boost, follow and thank you beforehand.
UMA completing a setup for upto 19% pumpHi dear friends, hope you are well and welcome to the new trade setup of UMA token with US Dollar pair.
Recently we caught 12% pump of UMA as below:
Now on a daily time frame, UMA is about to complete a bullish Gartley move for next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
UMA/USDT Ready for an Explosive Bullish Rally? 👀🚀UMA Analysis💎Paradisers, let's focus on #UMAUSDT, as the current trend signals a viable opportunity for a bullish turnaround from its essential support zone.
💎Reviewing #UMA's latest market activity, we note a significant 45% drop from its recent high. Yet, the steadfastness at the support level of $3.92 suggests a doorway to an upward trajectory.
💎Despite the challenges in surpassing new highs or previous milestones, leading to a temporary bearish sentiment, the $3.92 level is pivotal for #UMA. This point is teetering on the edge of sparking a substantial bullish wave upon another look.
💎As forward-thinking traders, we always have a plan B. If #UMA declines further from this support, we're gearing up for a bullish revival starting from the next support at $3.12. It's important to remember, however, that a fall below this marker could indicate a deeper bearish trend.
💎Keep your strategies adaptable and your eye on the market trends, Paradisers. Your ParadiseTeam is diligently watching, ready to guide you through these evolving market scenarios.
