Uma token pumps like shit for 5 straight months! I've seen crypto tokens pumping from a 100% to 400% in the past 5 months, but Uma stays on resesion mode in a bull market like this?
My opinion, this is a shitcoin. The better kept them for what it is if this thing misses out on a bull market like this. Even XRP did it better! 🤦♂️
Hello everyone 😃
UMA is breaking current resistance zone !
It could have another retest on lower bullish trendline and bounce again from MA100.
There are 4 located factors that makes UMA bullish :
1️⃣ Volatility is being bullish
2️⃣ MA 100 is supporting movement
3️⃣ MACD is had a bullish crossover
4️⃣ There is bullish trendline which is...
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 has the set up for a high and tight flag pattern but has not confirmed breakout yet.
If breakout does occur above the top of the flag pole there is potential for a 300% increase in price.
One worth watching.
UMA potentially entering a pump out of the support area, with a 40% runway to previous ATH. First profit target is previous high of 44.12.
Potential profit taking targets of 20% on the way to 40%. Resistance expected at ATH. Potential add on if confident to add after breakout from ATH
Crypto 2021 Strategy notes:
I enter trades in 5 and 10% positions (of total...
UMA/USDT is forming a very similar pattern to what IOST/USDT pair formed before a strong Bullish move. This pattern offers a good risk to reward ratio since the invalidation of the idea is right below the swing low.
Falling to form a Lower Low multiple times indicates strength in the market.
Here is a snapshot of IOST/USDT:
This Currency Handles The Market Conditions Excellently As You Will See In The Near Future, Expect to see this coin handle the market better than XRP
- Soon To Be A Top 10 Ranked Coin
Circulating Supply - 55,738,359 UMA
55% Max Supply
101,172,570 Total Supply
101,362,990 Max Supply
Current MarketCap - $1,606,369,925 ^84.02%
Volume 24h $826,593,628
UMAUSDT (Day CHART) Technical Analysis Update
Waiting for the resistance zone breakout
UMA/USDT currently trading at $12.36
Buy-level: Above $13.40 (Only if 4 h candle close above resistance zone at $13.40)
Stop loss: I will update once I see the breakout
Resistance level 1 (Target 1): 16.25
Resistance level 2 (Target 2): $19.84
Max Leverage: 2X