Get started
TradeDog-Research

UMA-USDT(Consolidation Breakout)

Long
UMA / TetherUS (BINANCE:UMAUSDT)  
TradeDog-Research  
BINANCE:UMAUSDT   UMA / TetherUS
Trend Analysis Chart Patterns Beyond Technical Analysis crypotrading altcointrading toptradingsignals consolidation-breakout horizontalchannel
0
0
trendanalysis chartpattern beyondta crypotrading altcointrading toptradingsignals consolidation-breakout horizontalchannel
Universal Market Access or UMA seeks to decentralize the financial derivatives products such as Futures, CFD or Total Return swaps.

For the past 3 months, UMA has been trading in a Horizontal Channel formation. Closing above the resistance trendline $33 may trigger the price of the UMA token to new highs.

Key levels to watch out for-

Support to the lower side is present at $35 while it may rally to $44 after the breakout.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.