Get ready to become rich, folks🔥
There is one more interesting formation on crypto market.
Symmetrical triangle on UMA/BTC crypto pair.
According to Elliott Waves theory Wave C is done and now price is heading to Wave D.
However this formation may become circumcised and break the level earlier.
So follow the chart and look for the breakout...
UMABTC is testing the historical resistance adter a nice breakout from 4h resistance. IF the price will have a breakout from the daily resistance and retest it as new support, According to Plancton's strategy (check our Academy), we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure ->...
As you can see from chart, price can find good support on bullish trendline which merged with SMA 50 and SMA 200.
So, i expect spectacular movement from this area.
Your point of views are important for me, hence, please comment your idea for me.
NOTE: this is just an idea and please do your own research and analysis.
Looking at the 4hr timeframe we can see a poor market physiology in UMA, imagine holding this yesterday through that doge pump, that chart has creating a nice accumulation pattern allowing UMA to peg BTC for performance, but are we about to see a fomo breakout like early Feb, theres a bullish divergence pushing price towards a confluence zone of price action, can...
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...
UMA has been consolidating for quite awhile now, this should make a pop to the 800 range very soon.
It is showing strong support in the current chart pattern.
Just need some volume and it should start rocking soon!
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.
Even smaller cryptocurrencies do not escape our attention, and today we will explain a specific pattern on one of them - "cup and handle", or a round bottom.
What is a cup and handle?
It is one of the basic and very popular patterns. You won't find it on the charts as often as, for example, a triangle, wedge or other well-known patterns. It is...
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at...