In just two weeks, fourteen days, UMABTC produced a 360% bullish wave, this to mark the bottom for this pair... A bull-market is now ready to start.
After a classic retrace below 0.618 Fib. retracement, support is being tested as EMA50.
Here is the chart:
Short-term it can be tricky as there is room for a bit lower or the action can suddenly switch and we see...
UMA is getting more bullish now
Seems like 000564 will break soon as current resistance level. (as engulfing candle
Also the yellow EMA is broken on this time frame (candle closes soon)
Uma breaks out the downtrend daily and makes X2, now we are waiting for the close of the weekly candle; with the divergence observed, we will wait for a 500% gain at least.
- 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:...
TA 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...
UMA is somehow at all time low with btc pair
This can be a great opportunity for getting in
not financial advice
do your own research before investing money
for any questions please DM me or leave a comment bellow
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UMA, is a protocol for the creation of synthetic assets based on the Ethereum (ETH) blockchain. Synthetic assets are a class of assets that represent different, underlying assets and have the same value. UMA specifically enables its users to design and create...
Hi dear friends, hope you are well and welcome to the new update on the UMA token with Bitcoin pair.
Previously we had a nice trade of UMA with USD pair:
On the 4-hourly time frame chart, the priceline of UMA has formed a bullish Shark .
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
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure ->...
![UMABTC: #UMABTC [ UMA ] several buying patterns](https://s3.tradingview.com/k/kG6J8lzL_mid.png "#UMABTC [ UMA ] several buying patterns")
