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UMA / TetherUS

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UMAUSDT trade ideas

Back into a triangleNOTE: chart pattern's lines are drawn according to 4h chart but in order to show better the pattern I chose the daily one. UMA had recently broke out from a falling wedge, created a new HL and was on a promising trend, also I had noticed a Cup&handle which was working out well. However in this market were people (and bots) sell when BTC goes down all it takes to mess things up is a panic sell and that it was. during last two days BTC made the market dump hard, so hard it changed many patterns and UMA is among those. Recent drop invalidate what I said so far, I personally think this is now a triangle. From this point of view I won't the price to go a bit lower and touch the bottom of the triangle, I actually would like it because this would strenghten my pattern interpretation but UMA has shown to be very, very influenced by BTC so if BTC goes down UMA will too. Target and resistance (the violet one is wider a resistance zone) are on the chart. if you wanna enter wait to see if price starts going up or if try to tests the lower of the triangle. Sooner or later history will repeat itself and UMA will go over 40$
by Shotokhan
1
Crypto|UMA/USDT|Long and shortLong and short UMA/USDT 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. Working out the support and resistance levels of the consolidation zone. * 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. + ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction. 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 %. The breakdown of the upper blue zone - long. Breakdown of the lower blue zone - short. Working out the stop when the price returns to the level after activation + fixing in the red zone. Blue zones - activation zones. Green zone - take zone. Red zone - stop zone. Orange arrows indicate the direction of the take. Red arrows indicate the direction of the stop. Priority - The value of the priority parameter implies the author's subjective opinion about the more likely activation zone on this idea, this does not mean that this idea will be 80% activated by this parameter, the purpose of the parameter is to provide for the risk of the inverse of the zone parameter. Example: "Priority Long: So the author inclines more in the direction of the activation zone open long trades, in this case, when reaching the activation zone in short you should be very careful, because this area may be highly likely to be punched about the breakdown/do not get to take/activate transaction from go to stop." Please consider this parameter if you use my ideas. 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
14
UMA broke out againThis is not really TA but kinda a notification. I've done TA on UMA already and it didn't change much since the last time. The project is good, very good, they just lack marketing which means they lack volume. Statistically speaking UMA's breakouts success ratio is 1:3 so this could be the one but I'm cautious and I don't wanna say "this is gonna moon" just because I'm in. The first resistance zone is between 27.1 and 28.3, if we pierce this zone my former TA will take place. For the moment, if you're interested you might wanna enter 30% if we close the 4h candle (in 1h30) with the body longer than the wicks and the second candlestick open at a price close to the top of the old one, or better, over that one. If the next candle opens a lot below the close of the current one don't enter. Stop loss: 24.3
by Shotokhan
UMAUSDT Projection!Here is my new system for my followers. I often get asked directly where to enter and where to exit. From today my charts will be displayed as above. As with all trading, probability plays a huge factor and other variables further decide where the price will go. I never truly know! This system looks for price overlap or equilibrium, the yellow boxes. Mixed with a quick RSI and a MACD with standard settings displayed as bars: green for up, purple for down, and gray for undecided, plus price inside channel above the 21 and 50 EMA. I hope this will help you swing trade and gain some profit. Good luck!
Long
by Avery_Upton
WHAT IF this is a cup&handle?Up until recently UMA was in a never ending descending wedge, at least until 7th March when it broke out. Subsequently it went down following the market but now I've just noticed that what has formed between the last peak into the wedge and the peak of the broke out it's a cup and the handle is currently being "finished". Statistically handles start going up after retracing around 20% (like this one, you can see it on my chart), afterward they reach the cup border again and from there the real pump begins. Also, using Fib retracement I noticed that we're close to 0.618 line, an important zone for reversals. If I'm right this is a perfect moment to enter, the target is on the chart. I'd add that I'm convinced that 45$ should be the minimum we should target for this token. This project is the best one for synthetic tokens (if you don't know check it out). If you have a lot of money and you don't need to do short trades I suggest you to hold this one as long term although the perfect entrace was before the huge pump which then retraced into the falling wedge. Stop loss: 20.57$
Long
by Shotokhan
2
We need more volumeSo, this can be a break out but if volume doesn't increase overnight (I'm in europe) we won't see any pump. The problem is always with UMA: amazing project but poor marketing. Volume profile shows the price is slightly over the price at which there were most buys, from here we should only go up. The problem with UMA is that, as I said, people doesn't understand how good is this project so as soon as they reach a little profit they're happy and sell. I think 45€ is the minimum target here. Try to share info about UMA because if it'll takes off it'll go pretty high! If price goes back into the wedge you can close the position
Long
by Shotokhan
5