UMA UMA token is getting very interesting. My previous analysis has my long term projections.
But in the near future, id say within a week, i expect UMA to have a significant breakout.
Correction seems to be complete, and UMA now looks to be exiting the accumulation phase and now
entering an uptrend. I expect UMA to pick up momentum in the coming days. If UMA has a significant
break well above 8$ i expect double digits and my longer term forecast to be more probable.
THIS IS NOT FINANCIAL ADVICE ONLY ANALYSIS
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OROBOROS
UMAUSDT trade ideas
UMA LETS GO 10-12 is our actual primary target and top of wedge. If it break, next target is 20-24 and here decide what next.
So hold UMA until 20-24. Above 25 we can reach our 1 year high 40-44.
As you see, we are on wedge + RSI divergence + if history want repeat from last year bowl up to 40, with possible current bowl formating this can reach 100 !!!
Lest go UMA
UMA to retest EMA 200Volume is low but price is extremely squeezed so I sudden move is to be expected. MACD appears to be approaching signal line, this could be a shift of the momentum. We saw UMA testing EMA 200 and failing once, a second test could be on the way. Price it's also close to falling wedge border, we could see a break out soon if volume rise up.
I suggest entering and having a tight stop loss because BTC is closing daily candlestick as an inverted hammer so market could go down.
UMA getting rejected on a resistanceThis is the bigger picture for UMA which honestly has been digging and digging until making a all time low pissing me off royally. However, as you can see, it's inside a huge descending wedge which should pump once will broke out. The question is: when?
UMA disappointed me a lot and its price performances proved not to keep up with its fundamentals which instead are very solid. I think BTC is getting rejected as well on a resistance right now meaning that the good pump UMA has had today might easily fade off taking the price down again.
If we go again below 5 USDT it'll be worth accumulating a bit just in case of such pumps, same reasoning if instead price turn current resistance into a support. Please keep in mind that right now I consider UMA a dangerous investment which can brings back high return quickly should it repeats its previous price action (February 2021), so if you buy it be aware things can go bad.
Good luck
History repeat?few days ago we had strong move up, way down, forming wedge and again nice up ..
after that wedge up it go slowly down and forming same wedge but bigger with same moves as previous as you see. Will this repeat? If yes and want copy that small wedge, then we can see same fast way up as before, lets see
UMAUSDT with potential 10x rewardHey guys spotted Bullish Bat setup on this.
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UMAUSDTAccording to the M3Z2 strategy, UMA is in the daily demand range.
The daily downward harmonic pattern has also reached its price targets.
In the time of 4 hours, with the failure of the minor line and the pullback, the areas of 60 and 80% are suitable for swinging up to the price target of 2.
The main area of the reverse is specified in time but within the range.