UMA 4 year long triangle violent breakout incomingIf you ever wonder what drives violent upward movement of altcoins when they make 30-50% daily gains for many days over the course of many weeks, this chart for UMA is a perfect example.
The coin that has only dumped for over 4 years after the initial massive rally in 2021 is poised to repeat a similar path in 2025.
Large volumes of desperate sell volume were registered earlier this year and marked the bottom and switch to macro uptrend for UMA. FA analysts gave up on the coin that powers Polymarket (the undisputed leader of onchain betting) assuming it will never pump. They simply ignored the fact that TA is the king and when you are in a downward movement, not bullish news will change the price action.
However, when markets turn bullish and altseason comes, the projects with the strongest FA shine. Watch that triangle violently break out, Ripple style soon
UMAUSD trade ideas
UMA - Vertical pump and retreat, so get TP in place!As seen from the chart UMA has the ability to post very fast significant gains, and retreat quickly as well.
2 possible entries with reasonable risk to reward, but as the title says, get your TPs in place, maybe even a trailing stop so if the pump doesn't reach your TP, you don't give all the gains back.
I was alerted to UMA by someone I follow who is predicting a Total 2 crash of 15-20% in the next 2 weeks, so that will be interesting to watch (if he's right I'll post his name here).
Is it possible we will be out of leveraged longs with new bargain orders in place (ready) if it happens - sure.
Is it probable - no (will have thought about it only!)
UMA surges in downtrend weekThe crypto bull market of last week has been somewhat nervous, because of a major downtrend, from 49k till 38500. UMA skyrocketed though. There was some great news of a solution for lending protocols that can save lenders of money 10s of millions during a year.
While all crypto went down hard, some more then bitcoin itzelf, UMA went up 21% on some days. Then it fell back a little bit bit remain much hgher then the 2 usd it was sitting on for months. UMA tripled in value in just a few days.
The graph looks good for UMA. It might reach 10USD soon. From there we will watch it if it is ready for the moon.
UMA-USD WEEKLY HEAD & SHOULDERS LOOKBACK (LOG SCALE)In a comprehensive analysis of the historical logarithmic weekly chart of UMA-USD on Coinbase, we can glean valuable insights from the interplay of candlestick charting, the Head and Shoulders pattern, and the significance of analyzing volume. This combination offers a multifaceted view of market dynamics and potential trend reversals.
Head and Shoulders Pattern
The Head and Shoulders pattern observed in UMA-USD is a classic bearish reversal indicator. Comprising three peaks — a higher peak (head) flanked by two lower peaks (shoulders) — this pattern signals a shift from bullish to bearish sentiment. In this case, the pattern took several weeks to form, with symmetry between the shoulders adding to its reliability. Volume analysis further validated the pattern, with a decline in volume at the right shoulder and a spike at the neckline break.
Logarithmic Charts and Percentage Change
The use of logarithmic (log) charts is crucial in understanding price movements over a wide range. Unlike linear charts, log charts represent price scales in percentage terms. This means that equal distances on a log chart reflect equal percentage changes in price, offering a more accurate picture of relative price movements, especially over long periods or across large price ranges.
In our analysis of UMA-USD, applying log charts and focusing on percentage change provided clarity in interpreting the Head and Shoulders pattern. By measuring the depth of the pattern in percentage terms (from the head's peak to the neckline), and projecting this percentage downward from the neckline break, we established a more accurate and relevant price target, considering the exponential nature of market movements.
Candlestick Charting and Bearish Engulfing Pattern
Complementing the Head and Shoulders analysis is candlestick charting, a method that graphically depicts market sentiment and price action. Each candlestick in this chart type shows the opening, closing, high, and low prices for a given period, offering a vivid picture of market dynamics.
A key feature in our analysis is the bearish engulfing pattern. This pattern is marked by a smaller bullish candle followed by a larger bearish candle that completely engulfs the first. It signaled a strong bearish reversal, suggesting that the market sentiment had shifted from bullish to bearish at the peak of an uptrend.
Volume Analysis
Volume analysis is a critical aspect of trading, providing insights into the strength behind price movements. In the context of the Head and Shoulders pattern and the bearish engulfing candles, the following principles were applied:
Volume on Peaks: Ideally, the volume is higher on the left shoulder and diminishes through the right shoulder in a Head and Shoulders pattern, signifying weakening bullish momentum.
Volume on Breakouts: A spike in volume during the neckline break of the Head and Shoulders pattern or during the formation of the bearish engulfing candle adds credibility to the bearish signal.
Trading Implications
The combination of log chart analysis, analysis of candlestick patterns, and volume analysis offered a rich, multi-dimensional view of the UMA-USD market scenario. This holistic approach is crucial for traders, as it provides a more comprehensive understanding of market dynamics and potential trend reversals.
For traders, the historical analysis of UMA-USD serves as a lesson in the importance of integrating various analytical methods. It highlights the need to consider not just price movements but also how these movements relate in percentage terms and how they are supported by trading volume. Such insights can lead to more informed decisions in future trading setups. Always use stop-losses when trading!
Not financial advice.
Cheers :)
✴️ UMA | New 1,2,3,4 Steps Pattern Revealed (I Am Your Support!)This is a pattern that we can look at across multiple charts to help us predict what will happen next.
#1 Is the initial/early year bullish breakout.
#2 Is the first low/support after said breakout.
#3 Is the higher low (lower low compared to #2 in some cases).
#4 is where we are at all across, the next bullish wave that will take places in the following weeks and months.
Prepare!
Bitcoin - Crypto - the Altcoins are set for nice growth within weeks, no more than a month.
Patience is key.
Remember to have a plan before jumping into any trade...
Or just make sure to do whatever it is for you that works.
We all have different strategies, different trading styles, lifestyles and mentalities. Many methods, different methods, varied systems they can all work.
What is universally needed is a tranquil mind and some friends/family/loved one to show their support.
Support.
Namaste.
aWAIT MACD CrossoverHello Traders
Wait for the MACD Crossover and once above the channel we can enter long.
Accumulation zone right now.
Marked some important dates to keep a lookout for
24 Jan 2022
04 Apr 2022
28 Nov 2022
16 Jan 2023
Target: $35.00
Stop Loss: $3.5
Like, Subscribe, leave comments and support by Donation of Coins, if you need me to keep doing my analysis on a Pro Account.
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Regards
UMA about to take off, a possible 80-100% gain incomingToday we saw a similar coin, ZRX (in terms of bullish momentum and price movement), take off along with a few other coins over the past few days like JASMY and LUNA. In a very similar way, I'm seeing a high hidden bullish divergence on UMA. When you compare the volume profile of UMA, especially at the M1 and M5 levels, you will see what I mean ;)
I've highlighted some of the visible patterns that emerge and similarities with the prior pumps on this chart. The only thing that gives me a bit of hesitation is the lower volume profile. However, since the other coins did pop like ZRX, similarly with lower volume, I expect UMA to make a similar move within the next two days before this week closes. I hope the chart gives you sufficient evidence to support this idea. The hidden divergence isn't visible on the chart, but that is screaming bullish on my offline chart. To be conservative, take a 50% from the top target and I'm confident that it will hit.
Also, from the BTC standpoint, we have tipped over to the bullish cycle. It's possible to see small dips and high-velocity spikes as we make our way back to the top.
You don't have to tip me when this trade works out for you. Follow, like, and share is all that I ask so that I'm encouraged to continue posting daily.
Remember that you trade at your own risk, and good luck.
UMA - The next PUMAUMA seems to be taking support at the long time resistance line in Red.
Universal Market Access (UMA) has experienced a substantial increase in value as a result of the imminent rollout of its
‘Across’ protocol which is now live on the main net on November 8, 2021
Good to accumulate for longer term, if volume breaks out expect to hit max $100 before 2028.
Short Term targets:
Are all marked on Chart, exit as per discretion.
Regards
UMAUSD D1: 80% correction warning H*S broke down(SL/TP)(NEW)Why get subbed to me on Tradingview?
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UMAUSD D1: 80% correction warning H*S broke down(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
NOT a setup to SHORT UMAUSD. Just showing
signs of weakness and recommend to stay out
of this market into the correction.
🔸 Summary and potential trade setup
::: UMAUSD daily chart review
::: LOG SCALE chart
::: not a great looking chart
::: H&S setup in progress / confirmed
::: S/R was re-tested and we are still flushing
::: price/ RSI div very clear on D1/H8 TF
::: expecting correction/pullback mode
::: pullback required to attract
::: new buyers from the lows
::: 60-80% correction possible next
::: 4-8 weeks in Q4/Q1 2021-2022
::: right now no upside in this market
::: position traders should wait for
::: better entry prices later after
::: correction MODE up next
::: be careful don't get caught up in this
::: also overextended right now
::: BULLS remain on sidelines and
::: be ready to BUY LOW later
::: recommended strategy: SHORT SELL RIPS/RALLIED
::: TP BEARS is +80% gains
::: BULLS stay out until correction is over
::: SWING TRADE: SHORT/HOLD IT
::: correction run not over yet
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION
::: Sentiment short-term: BEARS/CORRECTION
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.
Daily Update- What have I done? Am I Over-Trading? New VPVR ToolIn this video:
1. New tool VPVR (volume profile visible range)
2. Am I overtrading? 2 big reasons why I am mostly cash through Dec.
3. Fear Greed index and why I am not buying here.
4. Substack Founding Members may be alerted of some scalp trades through end of Dec.
How to trade levels? How to play price? How I made 30x in 2 yrs!In this video:
I draw out a hypothetical initial investment.
I should how you can multiply your net profit by trading out and back in along the way to your final projected target.
This video is all about trading levels, a strategy I have developed from years of experience that has helped my to multiply my crypto profits exponentially.
I have 30x'ed my initial cash reserves over the period of 2 years.
I think you can too. I am going to show you how I did this.