There's a lot of downward momentum, however this is a good entry for a short-term long position. Tight stop loss, with lots of potential gain.
The crypto bull market of last week has been somewhat nervous, because of a major downtrend, from 49k till 38500. UMA skyrocketed though. There was some great news of a solution for lending protocols that can save lenders of money 10s of millions during a year. While all crypto went down hard, some more then bitcoin itzelf, UMA went up 21% on some days. Then it...
In a comprehensive analysis of the historical logarithmic weekly chart of UMA-USD on Coinbase, we can glean valuable insights from the interplay of candlestick charting, the Head and Shoulders pattern, and the significance of analyzing volume. This combination offers a multifaceted view of market dynamics and potential trend reversals. Head and Shoulders...
Currently price is trending downward within the lower to green lines. Plotting another inverted H&S along this channel allows promise for another test for the bulls. The higher green line is where I expect price to move to in the short term if this outcome originates.
This is a pattern that we can look at across multiple charts to help us predict what will happen next. #1 Is the initial/early year bullish breakout. #2 Is the first low/support after said breakout. #3 Is the higher low (lower low compared to #2 in some cases). #4 is where we are at all across, the next bullish wave that will take places in the following weeks...
never say never but this looks like a bottom at this point, once it breaks this lower support downside is ofc unlimited, who knows what this project is or does but the charts are here looks like there is some decent support around this area. will it hold? stay tuned to find out
Just made nice 40% profit on trade which is also shown on chart. RSI now is very high, it need to cool and go down. I marked buyzone and possible scenario for price and RSI movement in WHITE colors. Share your ideas and thoughts.
Hello Traders Wait for the MACD Crossover and once above the channel we can enter long. Accumulation zone right now. Marked some important dates to keep a lookout for 24 Jan 2022 04 Apr 2022 28 Nov 2022 16 Jan 2023 Target: $35.00 Stop Loss: $3.5 Like, Subscribe, leave comments and support by Donation of Coins, if you need me to keep doing my analysis on a Pro...
Today we saw a similar coin, ZRX (in terms of bullish momentum and price movement), take off along with a few other coins over the past few days like JASMY and LUNA. In a very similar way, I'm seeing a high hidden bullish divergence on UMA. When you compare the volume profile of UMA, especially at the M1 and M5 levels, you will see what I mean ;) I've...
UMA strong support at $7.59...needs to break above $8.500 resistance & top the 10 day DEMA to signal buy. 50 & 200 steadily approaching crossover would also signal bullish outlook. Weekly MACD already signals Golden Cross
UMA seems to be taking support at the long time resistance line in Red. Universal Market Access (UMA) has experienced a substantial increase in value as a result of the imminent rollout of its ‘Across’ protocol which is now live on the main net on November 8, 2021 Good to accumulate for longer term, if volume breaks out expect to hit max $100 before 2028. Short...
Bitcoin and everything else are all red. What's the only thing green and breaking out? UMA It appears to have just broken out and is at a very low spot in its history.
UMA broke through the descending trendline and the resistance level. Bullish movement to resistance level at 2.7 is possible.
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In this video: 1. New tool VPVR (volume profile visible range) 2. Am I overtrading? 2 big reasons why I am mostly cash through Dec. 3. Fear Greed index and why I am not buying here. 4. Substack Founding Members may be alerted of some scalp trades through end of Dec.
zones are in. local support/resistance. breakout volume was strong, but breakout was a wick which isnt good. means theres wasnt enough demand.
Measured Patterned Move to Indicate Date and Price of Next High -- Updated. Is everything on track for the final leg up?
In this video: I draw out a hypothetical initial investment. I should how you can multiply your net profit by trading out and back in along the way to your final projected target. This video is all about trading levels, a strategy I have developed from years of experience that has helped my to multiply my crypto profits exponentially. I have 30x'ed my...