UMA has been consolidating for a while now and forcefully rejected an intense downtrend. If it closes the day above ~10.24 we could see a sustained upswing. Technicals are signaling close to overbought though, so the risk would be another correction to the bottom the trend-line. Watching this one to see what happens. What do you think?
Uma is looking like she wants to make a real move... be careful and take profits liberally
_we r taking ADA profits and putting them towards some YFI maybe maybe some UMA n sushi n 1inch depending on BTC n charts.
I got a feeling depending on BTC strength ie closes above 32k n up we can see a nice pop run whatever for UMA YFI _ 1inch sushi and aave r already...
Daily volume is low. Stuck between 2 resistances. Little movement. Only bot traders left. Perhaps, low volume is followed by a pump? Risk reward is just not there. There is no momentum. Must drop before it's able to climb again. Or we need some really good UMA news.
We are currently in a bull run so anything could happen... but right now UMA is making higher highs with a lower RSI. I would not be surprised if UMA went down short term to touch the longer term resistance and then bounce. Overall, UMA is definitely bullish, but I wouldn't say the uptrend is that aggressive.
UMA is looking strong. She's a tricky bitch but short this is a good swing option
I would look to enter as the RSI re sets on 1 hour plus and go from there.
Dump at 9.47 plus or watch for re trace but it happens fast with this one. buy in 8.75 or lower if possible ride to 9.50 ish by tomorrow ish
At the moment there are many oversold alt-coins presenting an excellent opportunity. However it is important to add not all alt-coins are showing those oversold conditions. In fact there are a number of alt-coins that remain overbought, so be careful.
On the above 1-day chart we have a 68% correction since mid-September and an oversold condition (orange column)...
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...
*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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will uma run like it has in the past in 20 plus hour blocks or fizal out like that last fant prior to this pump on 4hr
UMA is at the first restantance level. /look at previous runs on 4hr and see it stop, build, then run to next level_usually in one 4hr block or less.
take profits here n move on cautiously. Volume has dropped and this ones the bitch her name...
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.