UMABTC could potentially be forming a rounding bottom and on the rise part of the U-shape. This looks fairly nicely confirmed by MACD as well so far.
It is still a little early to be certain, but support looks to have been holding quite nicely a few days now. From what I am seeing, if the pattern holds, there could be some potential large jumps for UMA if BTC...
Lowering volume and a descending triangle reflecting little interest in pushing UMA back up. Stochastics RSI showing it's already starting to trend down to the psychological whole number of 20. Expect it to tumble to 20 and if it hits the floor hard enough.... maybe UMA will start looking sad.
A quote from VIA News, UMA is currently on bearish momentum by...
NOTE: chart pattern's lines are drawn according to 4h chart but in order to show better the pattern I chose the daily one.
UMA had recently broke out from a falling wedge, created a new HL and was on a promising trend, also I had noticed a Cup&handle which was working out well. However in this market were people (and bots) sell when BTC goes down all it takes to...
UMA has been consolidating for a while under the markred zone. However, it has broken out of the falling wedge, retested and now its trying to break that zone once again. You may zoom in for better entry point but for those who hodl, it is the time to jump in.
UMA is extremely undervalued IMO.
Looking for a continued move to the upside and looking for a break to the upside.
If UMA can find it’s strength in the market, we could see some very nice gains.
Recent ATH’s would bring over 100% gains and if we could hit that golden area on the fib, we are looking at 200% gains.
If you are looking for shitcoin that can pump, check out UMA. Consolidates for almost one month. Next time you will see it close above $26 get in and hodl for $32 or above. From current price it is approximately 40% profit. Can do easily more if breakout above $30 resistance.
UMA seems to be forming a massive pennant, a break out of either side should lead to an explosive move. The last time this thing went on a run, it 4x'd in a matter of a few days. A breakout to the upside could be a nice trade for MASSIVE gains. Technicals aside its a promising project similar to SNX, Don't sleep on this one!
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After reaching the important support level between $18-$20, UMA started rebounding. Let’s see how much potential profit UMA could bring us if we bought in now!
Backstory: UMA’s previous strong growth was mainly due to an announcement regarding the arrival of the uSTONKS synthetic token. uSTONKS tracks an index consisting of ten stocks that are most commented on...
Here is one of the more unique projects the cryptosphere has to offer.
#1. This is great bc there isn’t a lot of competition in the direction this company is taking. But as a lot of bigger people in the crypto market like to say, this could be a bad thing bc competition is what allows a company to get more creative and to speed up what they offer....
There is good buying force at 20$ zone and now it is heading to 30$ zone, this zone is very strong so I think it will take us some days to break through this zone to move up to re-test the ATH at 42$ zone
-Buy: 20-21$. SL if B
-Buy: 29-30$ if A. SL if B
-Sell: 29-30$. SL if A
-Sell: 41-43$. SL if A
-Sell: 20-21$ if B. SL if A