TradingView
BootyBandit1
Sep 6, 2021 10:14 PM

UMA Breakout Trade Idea Long

COINBASE:UMAUSD1D
UMA / United States DollarCoinbase

Description

⋅
Looking at UMA for a breakout trade. We see that the 34/50 ema on the daily was reclaimed, as well as supply being tested 3 times recently. UMA is a lagging play, does not really follow BTC movement. See comments on chart for more of my analysis.
FibonacciSupply and Demand
More