Hi dear friends, hope you are well and welcome to the new trade setup of UMA token with US Dollar pair.
Recently we caught 12% pump of UMA as below:
Now on a daily time frame, UMA is about to complete a bullish Gartley move for next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop...
UMA is going up, and we have record bullish volume on the volume indicator. The breakout is confirmed with a huge volume spike on the major weekly chart. It looks really good; be careful of short-term corrections, but this coin can 27x this year. As per my Elliott Wave analysis, the complex correction WXYXZ is complete, and we are starting a huge impulse wave!...
💎Paradisers, let's focus on #UMAUSDT, as the current trend signals a viable opportunity for a bullish turnaround from its essential support zone.
💎Reviewing #UMA's latest market activity, we note a significant 45% drop from its recent high. Yet, the steadfastness at the support level of $3.92 suggests a doorway to an upward trajectory.
💎Despite the challenges in...
Today we have come to the next opportunity for purchases, I want to consider the market situation. Last week, under the pressure of powerful statistics on the United States, unfortunately opened below 2500, after which the market followed the low-volatility scenario that I assumed in this case. During the week, powerful statistics were also added, which led to the...
The price has been moving in a head and shoulders pattern since July 2022
Moving average 100 was broken
We are now at the right shoulder of pattern
Current price 2.18
First goal 3.56
Second goal 4.26
Which represents 200% of the current price
UMA currently bullish on all TF and break structure to downside to trap some traders before leg up...... If UMA change character on 30mins TF to upside, I will wait for retest of bullish OB below so I can take a perfect long
Be patient and don't force it
Follow for more market update
📊Analysis by AhmadArz:
how you find order-block?
🛑Stop Loss: 2.99
🎯Take Profit: 4.02
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In a comprehensive analysis of the historical logarithmic weekly chart of UMA-USD on Coinbase, we can glean valuable insights from the interplay of candlestick charting, the Head and Shoulders pattern, and the significance of analyzing volume. This combination offers a multifaceted view of market dynamics and potential trend reversals.
Head and Shoulders...
Currently price is trending downward within the lower to green lines.
Plotting another inverted H&S along this channel allows promise for another test for the bulls.
The higher green line is where I expect price to move to in the short term if this outcome originates.
seems like uma has already bottomed out and finally preparing for some solid recovery
Testing Multi Year Descending Trend line In 3 Days Timeframe & Expecting Breakout Soon Incase Of Successful Breakout Expecting Move Towards 10$ In Midterm
keep eyes on umausdt for confirmed breakout
Thank you for reading this update.
Depending on our study we see that UMA has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
#For Day traders take always profits when the market increase
#Expect nothing from the markets, but follow what it shows.
The bearish channel on the daily frame has been broken
Now the downward trend is being tested again
The price is expected to rise again from the entry areas marked on the chart
About the price of 1.410
With a goal of 2.44
Nearly 200% expected rise
Supported by Bitcoin's bullish movement
💎 Paradisers, brace yourselves for a promising prospect with UMAUSDT, currently positioned in a demand zone and poised for potential moves.
💎 In our past observations, UMA broke free from its descending channel, embarking on an upward journey. However, it faced resistance at the 1.810 mark. Presently, as it navigates the demand zone, we foresee two potential...
Last week, I published my idea about the next massive move of BTC as it enters the crucial stage of the triangle in this chart of BITSTAMP:BTCUSD
At 8 AM ET, we saw a price breakout of BTC from the near 2-year-long diagonal resistance. This leap happened upon the "breaking" news of SEC approval of the iShares Bitcoin Spot ETF application. The coin reached...
Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the UMA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions