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UMA / TetherUS

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UMAUSDT trade ideas

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 - CHEERS XOXO OROBOROS
Long
by OroBoros777
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.
Long
by Shotokhan
1
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
by Shotokhan
10