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UMABTC trade ideas

17.3.2021 - UMA (UMA / BTC)Hi Traders! Even smaller cryptocurrencies do not escape our attention, and today we will explain a specific pattern on one of them - "cup and handle", or a round bottom. What is a cup and handle? It is one of the basic and very popular patterns. You won't find it on the charts as often as, for example, a triangle, wedge or other well-known patterns. It is really quite rare, but it has a high success rate and RRR (Risk to Reward Ratio). We can already tell from its name that this is the bottom and it should be nicely rounded. You can also see the cup and handle on the UMA / BTC pair. Typical for this pattern is that it is very difficult to draw trendlines, as well as the fact that volumes are starting to increase at the bottom (in our case, they did not yet). It is these increasing volumes that the demand for a given cryptocurrency increases. After completing this pattern, the chart should look like a bowl - ideally as symmetrical as possible. UMA / BTC We see one very nice round bottom on this pair. I would expect growth in the coming weeks and months. In terms of numbers, it could be a growth of about + 150% . Sometimes the whole movement is done through one big pump and other times it goes into the shape of a symmetrical bowl. In any case, from the point of view of a possible evaluation, this is a cryptocurrency, to which you should pay increased attention in the near future. May the crypto be with you!
Long
by DolleroTechnology
UMAThis is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here personal message, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY! If u like the analysis, please feel free to ask any question about this TA or crypto or any coin and also leave a comment or like or share the idea, i really appreciate it because then my work makes sense :) thanks!
Long
by SvarogPerun
1
Crypto|UMA/BTC|LongLong UMA/BTC Activation of the transaction only when the blue zone is fixed/broken. The author recommends the use of anchoring fixed the blue zone, this variation is less risky. If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone. The idea is to work out the resistance level . * Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author. + Maybe right now we will go even lower, then it's okay, the idea is not activated and simply canceled. The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %. Blue zones - activation zones. Green zones - take zones. The red zone - stop zone. Working out the stop when the price returns to the level after activation + fixing in the red zone. Orange arrow - the direction of take. Black arrow - neutral scenario without activating the trade. The red arrow - the direction of the stop. SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take. P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
Long
by Henry_Ross
31
Crypto|UMA/BTC|LongLong UMA/BTC Activation of the transaction only when the blue zone is fixed/broken. The idea is to work out the resistance level . * Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author. + Maybe right now we will go even lower, then it's okay, the idea is not activated and simply canceled. The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %. Blue zones - activation zones. Green zones - take zones. The red zone - stop zone. Working out the stop when the price returns to the level after activation + fixing in the red zone. Orange arrow - the direction of take. Blue arrow - neutral scenario without activating the trade. The red arrow - the direction of the stop. SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take. P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
by Henry_Ross
6
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
Long
by MaverickTrading
1
Crypto|UMA/BTC|LongLong UMA/BTC Activation of the transaction only when the blue zone is fixed/broken. The idea is to work out the resistance level of the local consolidation zone after the fall. * Possible closing of a trade before reaching the take/stop zone. + Maybe right now we will go even lower, then it's okay, the idea is not activated and simply canceled. The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %. Blue zones - activation zones. Green zones - take zones. The red zone - the stop zone. Working out the stop when the price returns to the level after activation + fixing in the red zone. Orange arrow - the direction of take. Blue arrow - neutral scenario without activating the trade. The red arrow - the direction of the stop.
Long
by Henry_Ross
4