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hometown_girl
Apr 16, 2021 12:00 AM

UMA / USDT  Long

UMA / TetherUSBinance

Description

UMA has broken strong resistance at 30 USDT area.
At this moment it's having a pull-back to reconfirm. Either resistance becomes a support, or it tests the previous trend line.
Oracles are popular right now, so should be a nice long if market conditions are favourable.

Trade active

At the moment, April 18, Bitcoin is at the correction. And UMA is holding pretty great against both BTC and USDT.
Comments
SendItSeason
I think it sweeps the lows again b4 one of those parabolic launches.
hometown_girl
@SendItSeason, By lows do you mean 24, 20 or 17 USD support level? Quite possible at these times.. Will also depend on the Bitcoin moves I guess. I also don't think that it will go parabolic, before reaching the previous ath at least. Used an arrow on the chart just to describe direction.
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