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.
UMAUSDT
UMA/USDT Long possition from current pricesUMA/USDT chart is on the second attempt to break and close above multi-week supply/resistance line (red line)
UMA retraced -82% from ATH
Support levels are marked green on the chart
Take profit levels are marked yellow on the chart
The trade setup is invalid if weekly closes belove 10.718
UMAUSDT Technical Analysis⏳ Spot
💎 UMAUSDT has broken above the symmetrical triangle, the retest has been successful and the pullback has happened already. After series of rejections I expect that it goes higher.
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🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry Now or at 11.996 to 12.947
☕️ TP1 14.008
🍺 TP2 15.269
🍻 TP3 16.856
🍾 TP4 18.543
🍷 TP5 20.597
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 11.295 to 11.996
Good Luck 🎲
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UMA bullish potentialUMA 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$.
CRYPTO - UMA - Bull Flag almost complete. Get longCRYPTO - UMA - Bull Flag almost complete. UMA has just taken a nice healthy breather after some strong buying volume. The selling volume and strength is weak. The spring is building. Should explode again. If you look back this is the 3rd time this pattern has occurred on this run alone. Looks nice.
Volume = Large green candles on the last surge up. No volume on the bull flag.
RSI = not the best but the same pattern as previous bull flag.
Target 1 = 15.50
Stop = 11.80
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/USDT { UMA } - BULLISH SETUPANALYSIS 🔎
- UMA/USDT is retesting the all-time low support.
- There is a relatively high concentration of buyers at this zone.
- The downtrend is resisted by the descending trendline resistance.
- Price is testing the descending trendline resistance.
- Price action is printing an ascending triangle at the test zone.
- A breakout above the descending trendline resistance and ascending triangle's horizontal resistance could be a bullish signal.
- This breakout will lead to the formation of the bullish double bottom pattern.
BUY ENTRY ⬆️
- Conservative entry: breakout above the descending trendline resistance and ascending triangle's horizontal resistance (@11.959).
- Aggressive entry: current market price.
TARGETS 🎯
- Horizontal resistance level (@15.303).
- Horizontal resistance level (@33.470).
- Horizontal resistance level (@43.998).
SETUP INVALIDATION ❌
- Initial invalidation: breakdown below the ascending triangle's inclined support.
- Final invalidation: breakdown below the all-time low support (@7.277).
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 trying to go over EMA 200 UMA was disappointing during the past bear wave as it retraced more than it should have, especially if you compare it with other projects, indeed as you can see, it touched the 1 Fib line. However the dump is over and as the rest of the market it's starting to slowly rise up.
Since the chart is pretty "young" my TA it's kinda a speculation. Supposing it'll repeat what it did in the past the half circle at the bottom is almost over. I've used the bars pattern to show how it could go but offo course this is not very accurate, however if you check how price was in the TMA before the last super pump and it is currently it seems we're on track for another pump.
What's accurate instead is that UMA's price bottomed on the 1 Fib level meaning from there we can only go up, especially until the end of this cycle (Q4 2021 I suppose). Check the yellow trend line though, if price touches that one it's still acceptable.
I hope my TA plays out, I'll try to keep you more posted about it but please, be aware I'm still working a lot.
UMA formed bullish Gartley for upto 270% big moveHi dear patrons, hope you are well and welcome to the new update on UMA token.
Previously we had a nice short trade of UMA token:
Now on the weekly time frame chart, UMA has formed Gartley pattern. At the moment we are at the start of buying zone and there is a distance of 29% from the stop loss, but i think this trade has the potential to produce a big profit after such a perfect Gartley formation and a price reversal has been started.
Universal Market Access (UMA) Universal Market Access (UMA) - A fast, flexible, and secure way to create synthetic assets
UMA, is a protocol for the creation of synthetic assets based on the Ethereum (ETH) blockchain. 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.
Overview
⦁ UMA was co-founded by Hart Lambur and Allison Lu. Lambur is also the CEO and co-founder of Risk Labs, the company in charge of developing the Universal Market Access protocol. He has also founded and headed Openfolio, a personal finance tracking platform which he sold to Stone Ridge Asset Management in 2017. 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.
⦁ The Risk Labs Foundation initially created 100M UMA tokens. The token distribution is as follows:
⦁ Risk Labs Foundation deposited 2,000,000 UMA tokens into a Uniswap liquidity pool
⦁ 35,000,000 tokens will be distributed to developers and UMA users. The mechanics of this distribution have not been finalized.
⦁ 15,000,000 tokens were allocated to investors
⦁ 33,500,000 are held by Risk Lab’s Founders and early contributors. All individual token grants are subject to a 4-year vesting schedule
⦁ 14,500,000 are reserved for future token sales
⦁
Governance: Users can earn inflationary rewards by participating in governance
⦁ Disputes: Tokens are used to properly incentivize price requests during disputes
Burns: All financial contracts using UMA pay a tax that’s used to buy and then burn the token, driving value to UMA and scaling economic guarantees as protocol activity increases
⦁ UMA is traded on multiple markets, including Coinbase PRO that allows all U.S. based residents to legally obtain this coin. This gives institutional investors a direct access to UMA.
⦁ Grayscale have registered a trust on UMA, but have not opened it yet.
Details:
UMA stands for Universal Market Access. UMA is driven by a shared belief that financial markets should be free, open, and fair. The economic freedom created by a free and open market enables everyone equal opportunity to pursue prosperity and build financial independence.
UMA's goal is to enable anyone to attain or transfer any form of risk seamlessly and securely through UMA protocol to empower everyone to participate in a universally accessible financial system. docs.umaproject.org
Unique technologies:
UMA is open-source infrastructure for deploying and enforcing synthetic assets on Ethereum. UMA enables developers to quickly and easily build synthetic tokens that track the price of anything.
UMA enables developers to create synthetic assets via two core components:
⦁ Priceless financial contract templates docs.umaproject.org
⦁ Decentralized Oracle Service docs.umaproject.org
Together, these two components enable the creation of fast, efficient, and secure synthetic derivatives on the Ethereum blockchain.
How UMA Works: docs.umaproject.org
UMA offers priceless financial contracts. Priceless financial contracts are smart contracts that only require an on-chain price feed in the event of a dispute.
Economic guarantees and network incentives ensure network actors will act honestly most of the time, but in the event of a malicious actor or an ad hoc market event, a dispute can be raised to call UMA’s dispute resolution system known as the Data Verification Mechanism (DVM).
There are five main network actors on UMA
⦁ Token sponsors
⦁ Liquidators
⦁ Disputers
⦁ Data Verification Mechanism (DVM)
⦁ UMA Tokenholders
From coinmarketcap:
Total value locked $198,317,787
Total supply: 102,089,750 UMA
Max: 101,172,570 UMA
Circulating Supply: 60,078,660 UMA (59%)
Exchanges:
Coinbase Pro, Binance, Bitstamp, Poloniex, Gemini, Bittrex, Uniswap, Sushiswap, Balancer,
How synthetic assets are secured on UMA
Token sponsors are individuals who lock collateral in a smart contract to mint synthetic tokens. Token sponsors are responsible for making sure their positions always remain overcollateralized or else their positions will get liquidated.
The value of the collateral in the smart contract is continually monitored off-chain by a robust network of Liquidators. Liquidators continuously monitor if a position is properly collateralized by referencing off-chain price feeds. Liquidations can be configured to automatically search for positions to liquidate (through Liquidation Bots) or manually by anyone holding the synthetic asset and collateral currency of the position they are liquidating. Liquidators are incentivized with rewards to identify and liquidate undercollateralized positions. If a position is liquidated by a liquidator bot there will be a 2-hour delay before the liquidation is finalized.
During the 2-hour delay, Disputers are incentivized to monitor contracts using UMA’s priceless financial contracts. Similar to Liquidators, Disputers can be in the form of a Dispute Bot or executed manually. Disputers reference their own off-chain price feeds to determine if a liquidation was valid or invalid. If invalid, the dispute bot will dispute the liquidation which will call UMA’s oracle known as the Data Verification Mechanism (DVM). The liquidated position will be pending until it is resolved by the DVM (48 hours later). Contracts that wish to receive a price faster than 48 hours can use UMA's Optimistic Oracle.
The DVM will resolve the dispute by proposing a vote to UMA Tokenholders to obtain the price of the asset at a given timestamp. UMA Tokenholders will reference off-chain price feeds to report price information to the DVM. The DVM will aggregate UMA tokenholder votes and report the price of the asset on-chain.
If the Disputer was correct, the DVM will reward the Disputer and the Token Sponsor of the effected position. If the Liquidator was correct the DVM will reward the Liquidator, penalize the Disputer, and the Token Sponsor will lose the funds in their position.
Best regards EXCAVO