So, this can be a break out but if volume doesn't increase overnight (I'm in europe) we won't see any pump. The problem is always with UMA: amazing project but poor marketing.
Volume profile shows the price is slightly over the price at which there were most buys, from here we should only go up.
The problem with UMA is that, as I said, people doesn't understand how good is this project so as soon as they reach a little profit they're happy and sell. I think 45€ is the minimum target here.
Try to share info about UMA because if it'll takes off it'll go pretty high!
If price goes back into the wedge you can close the position
Volume profile shows the price is slightly over the price at which there were most buys, from here we should only go up.
The problem with UMA is that, as I said, people doesn't understand how good is this project so as soon as they reach a little profit they're happy and sell. I think 45€ is the minimum target here.
Try to share info about UMA because if it'll takes off it'll go pretty high!
If price goes back into the wedge you can close the position
Comment:
so far so good, it's going up. Now price is heading toward an important resistance zone, it could take a break but as far it doesn't dump hard we'll keep going up
Comment:
we are at resistance (28.343) right now. This is an hard one but remember that this coin aims minimum 45$