Looking at the 4hr timeframe we can see a poor market physiology in UMA, imagine holding this yesterday through that doge pump, that chart has creating a nice accumulation pattern allowing UMA to peg BTC for performance, but are we about to see a fomo breakout like early Feb, theres a bullish divergence pushing price towards a confluence zone of price action, can we ride the parabola' to form a cup?
The fundaments seem to be strong as well, but im not completely up to scratch with its token economy, but considering the fact UMAs performance is below average with a decent product, recently the DOGE and ETC pumps, do fundamentals mean a thing? ETC has a double spend, its broken, but when the bots create a FOMO situation we just let other greed take over, but this time we might be in first.
BTW im not ridiculing DOGE before i get hate mail, DOGE is a better currency than the dollar, but if you want to pay in DOGE its a little tricky to figure out how much to pay due to it being a little volatile, DOGE next pump will be even more biblical, i think it will be available for around 250sats some time soon
The fundaments seem to be strong as well, but im not completely up to scratch with its token economy, but considering the fact UMAs performance is below average with a decent product, recently the DOGE and ETC pumps, do fundamentals mean a thing? ETC has a double spend, its broken, but when the bots create a FOMO situation we just let other greed take over, but this time we might be in first.
BTW im not ridiculing DOGE before i get hate mail, DOGE is a better currency than the dollar, but if you want to pay in DOGE its a little tricky to figure out how much to pay due to it being a little volatile, DOGE next pump will be even more biblical, i think it will be available for around 250sats some time soon
Comment:
i think due to the market conditions i expect the next impulse to be higher than the previous, the question is, how much higher