Looks ClearI Think this is the time Uma Gets High. New to the trading still learning let me know your ideas.
UMAUSD trade ideas
New ATH for UMA coming sooner than you thinkZoom out on the weekly to see the near-perfect technical setup.
On the fundamental side:
- AcrossProtocol is launching it's L2 to L1 bridge next week and will use UMA's OO (optimistic oracle). All of the ownership will also be distributed to the community (which is likely going to be to UMA holders).
- A project called FIAT DAO is letting UMA holders farm their FDT governance token starting next week.
Regardless of the amazing technical setup, I think UMA will be in high demand just for the above two reasons. I feel a huge green burst can happen any day now.
UMA about to break trend. More upside to come. (I need 5 points)$UMA go brrrrrrrr $BTC go Brrrrrrrr. No clue how to link any charts but many coins are breaching trendlines established in February. Among some are UMA MKR STORJ and ANKR. AUCTION & NU also broke trends less established.
UMA bullish potentialUMA has been consolidating since end of May into a range between 14$ 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$.
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
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Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
UMAUSDMID-TERM: Bullish bat, that found the PCZ at a historical inflection point, with hidden bullish divergence. (not financial advice)
UMA Breakout Trade IdeaLooking at UMA for a breakout trade. We see that the 34/50 ema on the daily was reclaimed, as well as supply being tested 3 times recently. UMA is a lagging play, does not really follow BTC movement. See comments on chart for more of my analysis.
Breakout and confirmation?UMA is looking bullish to me. I will be interested to see what the next month or 2 looks like. Won’t be surprised to see it somewhere between $20-30. If BTC stays above the 21 week EMA, I’m bullish on everything. Derivatives and synthetic assets will be BIG in the crypto space.
UMA Making a RunLooked at the VSA and took an early entry in UMA yesterday at 11.856. Glad I did because some buy orders just popped off, and I wanted to upload the chart before it runs too far for the public to be profitable. Good luck!
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inverse h & s?it looks like an inverse head and shoulder forming for uma targets will be 12.95 then 13.48
UMA is Fishing for a Bottom in a Bear MarketUMA (UMA) is in the process of establishing a rounded bottom following the attempt to break above the strong psychological level of $10.00. Technically speaking, UMA is still in a bear market, but the recent rally might be an early sign of a shift in the trend direction.
Stochastic Bullish Readings
Looking at the technical indicators, the stochastic oscillator is emerging from oversold readings on both the daily and the 1-hour chart.
On the 1-hour chart, UMA had the stochastic readings staying in the 80 zone for most of this rally. This is often a sign of more demand than supply and, subsequently, low levels of short interest. Conversely, if the market remains overbought (or oversold) for an extended period, that's actually a sign of strength.
In the short-term, the token is also trading above the key 100 simple moving average, which now comes to around $8.90.
Looking Ahead: The bulls need to take control and keep UMA's price above the considerable round number of $10.00 to keep the bullish momentum going. On the upside, true resistance comes $18.00, while on the downside, the short-term support comes at $9.26.
umausdThis coin looks to be going to the downside... I dont see any chance of bullish interst in the next 4-9 months.
uma\usdIn case of break out and forming a full boduly daily candle from either side, price will follow along
UMA LongUMA has a long developing symmetrical triangle that has already pierced once before, breaking down one would believe that the asset would go down further.
Uma pumps like shit for 5 months! Uma token pumps like shit for 5 straight months! I've seen crypto tokens pumping from a 100% to 400% in the past 5 months, but Uma stays on resesion mode in a bull market like this?
My opinion, this is a shitcoin. The better kept them for what it is if this thing misses out on a bull market like this. Even XRP did it better! 🤦♂️
GTFO!
UMA Looks Like Ready for Wave 3On the weekly charts it has come back and touched the EMA20 and it looks like it has complete wave 1 and wave 2 and has been consolidating for almost 3 months and we could see it enter wave 3 based on market conditions.
Not financial advice and I am not a financial advisor. Please do your own due diligence before taking advice from someone.
UMA at the brink of move past $45With the long consolidation period and launch of the new UNI and BAL assets on the UMA protocol, the price action is at the brink of breaking past $45 and going into price discovery mode.
The next fib level area for consolidation is $68.
UMAUSD Bearish DivergenceIt looks like UMA has had a great run against BTC as the price has begun to head downward for the latter. I rarely put the "USD" in the title of my posts as rarely is it significant, but I just want to call out a few things about UMA.
1) UMA is trending well against BTC, with a potential to keep up this trend and fall less drastically if BTC continues to drop (I posted about this previously if you are interested about details)
2) UMAUSD did just have a (slight) breakout, so it is possible to still bounce on the trend line (green dashed line) if the persistence continues against BTC (NOTE: They arrows are more an indication and likely drawn too spread out; if BTC falls, it is very likely to drop sooner and more violently in a shorter amount of time)
Either way, UMA looks interestingly to be one of the few cryptocurrencies that seem to have held up against the latest BTC drop (other than DOGE of course, which is quite possibly in its own "bubble" right now). As to whether it continues is anyone's guess, but it looks like one of the potential "underdog" trends to watch for at the very least entertainment value in the short term if the Bitcoin downward trend continues.
Market dip not slowing UMA bullish actionSo let's try not to mix fundamentals trading and TA but I will start by saying that UMA is an interesting project, it aims to simplify derivatives trading and make trading a derivative of anything possible. It has big partners already but most importantly, everyone wants more derivatives, especially if they can be traded in the US before regulators shut it down.
Theres not a ton of price history to go off of but the price action we are seeing now looks an awful lot like the consolidation before the 3x at the start of Feb.
Markets move in impulses and corrections. We are in a correction now, and the 20% dip that the entire market took last night didn't even break out of the expected trade range for this correction.
Because UMA was already on my fundamentals radar I bought the second it hit the bottom of the trade range. Which it quickly recovered from.
I'd advise for active trading to wait for a small impulsive breakout with a correction to confirm it's on its way up.
The last impulse was around 300% in three days. I'm setting my target a little more conservatively at 200% and I don't think it will be as fast as three days.
