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UMA has been consolidating since end of May into a range between 14$ and 9$.
We are now at resistance which mean we could get rejected here, but volumes have entered well yesterday and MACD Daily/Weekly are looking good. BB are also opening in Daily which mean the move could continue and break the resistance.
A retest to 12$/11$ area would be an opportunity to...
Looking at UMA for a breakout trade. We see that the 34/50 ema on the daily was reclaimed, as well as supply being tested 3 times recently. UMA is a lagging play, does not really follow BTC movement. See comments on chart for more of my analysis.
UMA is looking bullish to me. I will be interested to see what the next month or 2 looks like. Won’t be surprised to see it somewhere between $20-30. If BTC stays above the 21 week EMA, I’m bullish on everything. Derivatives and synthetic assets will be BIG in the crypto space.
Looked at the VSA and took an early entry in UMA yesterday at 11.856. Glad I did because some buy orders just popped off, and I wanted to upload the chart before it runs too far for the public to be profitable. Good luck!
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I'm a full-time cryptocurrency swing trader (since 2017) and regularly seek out the most...
UMA (UMA) is in the process of establishing a rounded bottom following the attempt to break above the strong psychological level of $10.00. Technically speaking, UMA is still in a bear market, but the recent rally might be an early sign of a shift in the trend direction.
Stochastic Bullish Readings
Looking at the technical indicators, the stochastic oscillator...
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! 🤦♂️
On the weekly charts it has come back and touched the EMA20 and it looks like it has complete wave 1 and wave 2 and has been consolidating for almost 3 months and we could see it enter wave 3 based on market conditions.
Not financial advice and I am not a financial advisor. Please do your own due diligence before taking advice from someone.
With the long consolidation period and launch of the new UNI and BAL assets on the UMA protocol, the price action is at the brink of breaking past $45 and going into price discovery mode.
The next fib level area for consolidation is $68.
It looks like UMA has had a great run against BTC as the price has begun to head downward for the latter. I rarely put the "USD" in the title of my posts as rarely is it significant, but I just want to call out a few things about UMA.
1) UMA is trending well against BTC, with a potential to keep up this trend and fall less drastically if BTC continues to drop (I...
So let's try not to mix fundamentals trading and TA but I will start by saying that UMA is an interesting project, it aims to simplify derivatives trading and make trading a derivative of anything possible. It has big partners already but most importantly, everyone wants more derivatives, especially if they can be traded in the US before regulators shut it down....