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. *Follow me for the latest cryptocurrency analyses on my...
Selling pressure looks like it's dying off.
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.
Very much the beginnings of an impulse, coming right back up now with a pattern of higher lows. I am watching this space, yet reluctant to call any targets yet.
The current situation: 1. A bullish symmetrical triangle is apparent on the 4HR chart while the price action is near the apex of the triangle. The chance of breaking to the upside is 60% and the measured target is about 11.6 USD The bearish case: if the price action closes below the 4HR 21MA and below the bottom trend line, then lower price action is...
The current situation: 1. There is currently a double bottom apparent on the 4 and 6HR chart. The neckline of the pattern is at about 12.15 and the measured move is about 14 if it plays out. Do note that the measured move may not be reached however. It is also currently under most moving averages and they are acting as resistance so it may be a bumpy ride back up...