UMAUSDT
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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💡 Don't miss the great buy opportunity in UMAUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (10.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. UMAUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 72.
Take Profits:
TP1= @ 13.08
TP2= @ 14.80
TP3= @ 17.00
TP4= @ 20.28
SL= Break below S2
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💡 Don't miss the great buy opportunity in UMAUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (10.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. UMAUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 72.
Take Profits:
TP1= @ 13.08
TP2= @ 14.80
TP3= @ 17.00
TP4= @ 20.28
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
UMAUSDT D1: 85% gains BEST level TO BUY/HOLD(SL/TP)(NEW)UMAUSDT D1: 85% gains BEST level TO BUY/HOLD(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
previously recommended buying low.
🔸 Summary and potential trade setup
::: UMAUSDT daily chart review
::: accumulation in progress now
::: setup still valid
::: focus on BUY/HOLD near
::: range lows later
::: updated/revised outlook
::: focus on buying pullback/dips
::: 100%+ gains still possible
::: currently trading mid range
::: BUY/HOLD setup TP +100%
::: previously recommended buying low
::: up to 100% gains possible later
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +100% gains
::: details: see chart
::: 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: PULLBACK
UMAUSDT H16: 100% gains BEST level TO BUY/HOLD(SL/TP)(NEW)UMAUSDT H16: 100% gains BEST level TO BUY/HOLD(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
previously recommended buying low.
🔸 Summary and potential trade setup
::: UMAUSDT16hours chart review
::: accumulation in progress now
::: updated/revised outlook
::: focus on buying pullback/dips
::: 100%+ gains still possible
::: currently trading mid range
::: BUY/HOLD setup TP +100%
::: previously recommended buying low
::: up to 100% gains possible later
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +100% gains
::: details: see chart
::: 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: PULLBACK
✳️UMA/USDT (11/11) #UMA $UMAUMA is strongly increasing and heading to the 18$ or higher. However, in the 11$ zone and 14$ zone there will be strong selling that we should pay attention to.
The 7.5-8$ zone has been consolidated and very reliable to buy, buy as close it as possible. But it's not easy to come back to that zone, so we should buy half at the range of 8-8.5$
📈BUY- LONG
-Buy half close to 8-8.5$
-Buy half close to 7-7.5$, stoploss if B
📉SELL-SHORT
-Sell: 10.5-11$, stoploss if A
-Sell: 13.5-14$, stoploss if A
-Sell: 17.5-18$, stoploss if A
♻️BACK-UP
-Sell close to 7-7.5$ if B, stoploss if A
-Buy: 5-5.5$ if A, stoploss if B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
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.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
*Thank you to those who donated, I very much appreciate it.
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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