As you probably know already: The market is extremely bullish today. DTNUSDC is up 400% today? Also, most of defi has seen big gains of 20-30%. However, UMAUSD has been a sleeper. The volume is extremely low. This could be seen two ways: A) Low volume means little interest since UMA has had a history of failed pumps. B) Low volume means the whales are waiting...
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UMA looks bearish right now. Great opportunity to short the coin. Do NOT forget about a STOP-LOSS!
Whenever the MACD is in the green on the 3hr chart, it's pumping. Hoping for $9 in the short term. Also: BTC market dominance is dropping and money is flowing back into alt coins today. It takes very little money for UMA to go up.
The current situation: 1. A bullish symmetrical triangle is apparent on the 4HR chart while the price action is near the apex of the triangle. The chance of breaking to the upside is 60% and the measured target is about 11.6 USD The bearish case: if the price action closes below the 4HR 21MA and below the bottom trend line, then lower price action is...
The current situation: 1. There is currently a double bottom apparent on the 4 and 6HR chart. The neckline of the pattern is at about 12.15 and the measured move is about 14 if it plays out. Do note that the measured move may not be reached however. It is also currently under most moving averages and they are acting as resistance so it may be a bumpy ride back up...
POLONIEX: UMAUSDT -UMA is trading inside a descending channel after a series of rejection at the trendline resistance -It is also trading just above the previous support area at 12-11 dollars -If this immediate support level will hold and see a channel breakout -That is a good potential entry point for upside continuation up to 26 dollars -But if this level...
It is 9th. day of this coin so that we will interpret this coin in the near future.
UMA is another oracle player along with Chainlink and Band. Oracle is the pick and shovel play in the DeFi race.
UMAUSD / UMA USDT PREDICT FOR 2020 FALL