UMAUSDT trade ideas
Pulse of an asset ala Fibonacci: UMA nearing Impulse Redux"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the buyers still there? Enough to absorb the selling power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.
Just above the Impulse is a common "Accumulation Zone".
Of interest would be consolidation between the 1.0 and 1.236.
If accumulation seen, then a break and retest of 1.236 is the entry.
Part of my ongoing series to collect examples of my Methodology : (click links below)
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
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Ordered Chaos
every Wave is born from Impulse,
like a Pebble into Water.
every Pebble bears its own Ripples,
gilded of Ratio Golden.
every Ripple behaves as its forerunner,
setting the Pulse.
each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
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UMA/USDT (Retest Previous Support)POLONIEX: UMAUSDT
-UMA is trading inside a descending channel after a series of rejection at the trendline resistance
-It is also trading just above the previous support area at 12-11 dollars
-If this immediate support level will hold and see a channel breakout
-That is a good potential entry point for upside continuation up to 26 dollars
-But if this level failed, keep an eye at 8 dollars next major support
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Not Financial Advice
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UMA- Oracle playUMA is another oracle player along with Chainlink and Band.
Oracle is the pick and shovel play in the DeFi race.
