crypto_trends

UMABTC rounding bottom rise

Long
BINANCE:UMABTC   UMA / Bitcoin
UMABTC could potentially be forming a rounding bottom and on the rise part of the U-shape. This looks fairly nicely confirmed by MACD as well so far.

It is still a little early to be certain, but support looks to have been holding quite nicely a few days now. From what I am seeing, if the pattern holds, there could be some potential large jumps for UMA if BTC continues to jump as well.

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