Volume is low but price is extremely squeezed so I sudden move is to be expected. MACD appears to be approaching signal line, this could be a shift of the momentum. We saw UMA testing EMA 200 and failing once, a second test could be on the way. Price it's also close to falling wedge border, we could see a break out soon if volume rise up.
I suggest entering and...
This is the bigger picture for UMA which honestly has been digging and digging until making a all time low pissing me off royally. However, as you can see, it's inside a huge descending wedge which should pump once will broke out. The question is: when?
UMA disappointed me a lot and its price performances proved not to keep up with its fundamentals which instead...
I had great expectations for UMA when entered it and saying it disappointed so far it's the least but after all the entire market went down and probably it was my fault, now instead everything bottomed and UMA makes no exception.
Price action isn't encouraging and has been flirting with 1 Fib line but VLPR at daily timeframe shows UMA has been heavily bought...
