Everyday we see different Altcoins recovering from their recently hit lows.
We are starting to see strong bullish breakouts daily now.
The next jump came from UMAUSDT.
Today alone we have a +30% candle as prices move above EMA50 on high volume.
Closing above $1.892 sends out a strong bullish signal.
Even a close below this level is still bullish.
Based on technical factors there is a Long position in :
🔵 Long Now 2.355
🧯 Stop loss 2.166
🏹 Target 1 2.700
🏹 Target 2 3.200
🏹 Target 3 3.900
💸RISK : 1%
We hope it is profitable for you ❤️
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On the daily time frame, UMA has a clear RSI bullish divergence. Expect a rebound in prices. There are two targets set in the chart for reference. Don't ignore the large number of long positive lines in the chart, which means that a reasonable set of take profit will allow us to get more profits.
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UMAUSDT is ready to pump in a short-term.
It looks like both on 4h and 1D timeframes UMAUSDT is forming its temporary bottom and is ready to join other altcoins for its own relief rally.
We expect UMA to reach 4,80 - 5,20 in the next week.
-Trade on stop.
-If drops lower, accumulate
-High risk trade. Trade only as much as you´re willing to lose
I still hold my buys and buy every dip, this will be big, very soon, patient
We are now on wedge with his final target 12 what is top area of that big wedge.
If we break big wedge, then next bus stop is 20-22 and final target 36-40, HOLD
Buy and hold. UMA settle on support and now forming bowl / cup. 50% already done. Lets go up to +-8.50 , we need to go and hit green trendline, what is our primary resistance zone, if we will go above, then space open. I hope we will see 8-9 to end week
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Welcome to this UMA/USDT TRADE setup. UMA looks bullish here.
UMA is breaking out from the bullish pennant pattern. I'm expecting a big move from it. Buy some now and hold it for some time.
Entry range:- $8-$8.3
One of good projects in crypto community is UMA.
UMA project focused on Web3, Universal Market Access and etc.
So it could attract many attentions.
Technically, we can see a huge accumulation phase in UMA/USDT.
Staying in a range zone for a long term means it could explode any time.
Targets are shown in chart based on bullish view.
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UMA token is getting very interesting. My previous analysis has my long term projections.
But in the near future, id say within a week, i expect UMA to have a significant breakout.
Correction seems to be complete, and UMA now looks to be exiting the accumulation phase and now
entering an uptrend. I expect UMA to pick up momentum in the coming days. If UMA has a...