Hello All, I 've been following UMA closely for the past 6 months.
I invested in it because I saw it as fundamentally sound project with a lot of activities on Github and what they are trying to achieve.
It might be similar to Synthetix or other derivatives or synthetic tokens. They also might do well. But today I'm talking about UMA.
UMA is short for Universal Market Access.
BTC is very near its ATH and the ETF is likely to be approved by SEC and we are finally about to see this bull run take off.
----------------------- T. A.---------------------
As you can see in the chart we broke out of the triangle and by simple TA that would point us to a Target of 47.2 $
Fibonacci Retracement to the Golden Ratio leads us to mid 60 $ range.
I mean in a bull run, it would be hard to not make profit regardless of which token you invest in, but here is my macroscopic analysis on UMA price action.
I honestly think it can hit 3 digits considering that there is only 100 Million UMA tokens as the massive market that it can tap into.
I invested in it because I saw it as fundamentally sound project with a lot of activities on Github and what they are trying to achieve.
It might be similar to Synthetix or other derivatives or synthetic tokens. They also might do well. But today I'm talking about UMA.
UMA is short for Universal Market Access.
BTC is very near its ATH and the ETF is likely to be approved by SEC and we are finally about to see this bull run take off.
----------------------- T. A.---------------------
As you can see in the chart we broke out of the triangle and by simple TA that would point us to a Target of 47.2 $
Fibonacci Retracement to the Golden Ratio leads us to mid 60 $ range.
I mean in a bull run, it would be hard to not make profit regardless of which token you invest in, but here is my macroscopic analysis on UMA price action.
I honestly think it can hit 3 digits considering that there is only 100 Million UMA tokens as the massive market that it can tap into.