Today we saw a similar coin, ZRX (in terms of bullish momentum and price movement), take off along with a few other coins over the past few days like JASMY and LUNA. In a very similar way, I'm seeing a high hidden bullish divergence on UMA. When you compare the volume profile of UMA, especially at the M1 and M5 levels, you will see what I mean ;)
I've highlighted some of the visible patterns that emerge and similarities with the prior pumps on this chart. The only thing that gives me a bit of hesitation is the lower volume profile. However, since the other coins did pop like ZRX, similarly with lower volume, I expect UMA to make a similar move within the next two days before this week closes. I hope the chart gives you sufficient evidence to support this idea. The hidden divergence isn't visible on the chart, but that is screaming bullish on my offline chart. To be conservative, take a 50% from the top target and I'm confident that it will hit.
Also, from the BTC standpoint, we have tipped over to the bullish cycle. It's possible to see small dips and high-velocity spikes as we make our way back to the top.
You don't have to tip me when this trade works out for you. Follow, like, and share is all that I ask so that I'm encouraged to continue posting daily.
Remember that you trade at your own risk, and good luck.
@pettee075, Very much so. Starting to see some action now :) Today it spiked 14% from the low. I think this should play out this week and if it doesn't, I will reevaluate.