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UMA

UMA/BTC potential breakout! - textbook falling wedge, watch for breakout but wait for at least daily close above it. UMA likes to fakeout. - higher low/double bottom - weekly StochRSI crossing up - more frequent tests of upper trendline with good volume - if UMA breaks out of the falling wedge, it can move quickly - current market cap $580m, a lot up upside potential Targets: T1: 0.00037 BTC T2: 0.0006 BTC T3: 0.0011 BTC Breaking the lower trendline invalidates the trade. Good luck!
Long
by RekkTheBeras
UMAUSDT - BUYING THE REAL DIPEmissary over here. Hello again everyone. Today we take a look at UMA. Right here we have the roadmap for this coin I've been following for a while now, for the next six months. Price offer and demand zones denoted in purple horizontal lines. Arrows drawn depict how I roughly expect the coin to do in the mid term. Plain and simple, buy the dip, from there on book your profits at the end of each green arrow and stack some more UMA at the end of each red one. Expected percentual profits for each move are depicted within the chart with the price range tool. Thank you for reading the message once again. If we reach 100 followers I'll do something special for my audience. If you like my work give it a thumbs up and leave a follow for more everyday analysis. Remember the message never sleeps. Also I'd like to hear your opinion in the comments. Remember this is no financial advise, DYOR and trade at your own pace and risk. Byebye
Long
by MessengerFromTheUnderworld
1
UMABTC 8h long setup; Breakout of 1.5 year downtrendTA explained Starting with the bigger picture for UMA using the 1W TF. A long lasting downtrend (starting at Sept 2020) was broken at the start of November with a very strong bullish weekly candle, after which the price pullback and retested the broken TL. Zooming into the 8H TF we can see two interesting things. First we see the price retested the descending TL twice. Second interesting fact is the second time it tested the trendline it also aligns with the center of the demand zone on the left. Last thing to consider is the break of the local descending trendline. After getting rejected 3 times, the fourth time price was able to break through. With this little pullback we might already start the upward continuation. If not a deeper retracement could happen by retesting the latest low and creating a double bottom which would give us our second entry as well: Trade setup Entry zone: 0.0002022 - 0.0002174 TP1: 0.0003279 TP2: 0.0004411 TP3: 0.0005539 SL: 0.0001745 RR: 9.93 Max leverage: na ————— MDSquared Crypto Lounge ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)
Long
by MattieDsCryptoLounge
UMAUSDT Technical Analysis💎 UMAUSDT has been rejected by the support zone. The series of green candle show that the bulls can potentially push the price much higher. However, we might see a pullback after the pump. The price is moving to the next major resistance. 🌐 Tradingview 💵 Invest Only 5% of your Portfolio 🎳 Entry/Pullback now or from 10.649 - 9.682 ☕️ TP1 11.535 🍺 TP2 13.019 🍻 TP3 14.663 🍾 TP4 16.234 🍷 TP5 17.631 🍸 TP6 19.000 🍹 TP7 🎁 TP8 🚫 SL 9.518 - 8.405 Good Luck 🎲 Check the Links in Description and if you LIKE this analysis, please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a profitable day 😊👍🏻
Long
by Fibonacci-Signals
2
UMAUSDT Technical Analysis⏳ Spot 💎 UMAUSDT has got rejected from the major resistance. It is going to have a pullback at the previous support and then we can expect another bullish move. It can pump after the resistance breakout 🌐 Tradingview 💵 Invest Only 5% of your Portfolio 🎳 Entry Now or at 15.261 to 17.385 ☕️ TP1 21.854 🍺 TP2 26.235 🍻 TP3 30.084 🍾 TP4 33.845 🍷 TP5 🍸 TP6 🍹 TP7 🎁 TP8 🚫 SL 13.668 to 15.261 Good Luck 🎲 Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a profitable day 😊👍🏻
Long
by Fibonacci-Signals
14