UMA / USD PERPETUAL SWAP CONTRACT Forum & Chats (KCEX:UMAUSDT.P)

MagickeyFX

#BTC/USDT ANALYSIS

BTC is moving in a descending triangle. It is holding above the horizontal support with a low volume. A good volume volume bounce and breakout of the descending triangle is the bullish confirmation, while a sustained breakdown of the triangle is the bearish confirmation.

MagickeyFX

#UMA/USDT ANALYSIS

UMA has rebounded from the horizontal support with high volume and is currently encountering both the Ichimoku cloud and the trendline resistance. A solid breakout of the trendline would signal a bullish continuation, whereas rejection would indicate a potential retest of the MA 200.