After reaching the important support level between $18-$20, UMA started rebounding. Let’s see how much potential profit UMA could bring us if we bought in now!
Backstory: UMA’s previous strong growth was mainly due to an announcement regarding the arrival of the uSTONKS synthetic token. uSTONKS tracks an index consisting of ten stocks that are most commented on...
UMA is poised to make a massive leg up, causing up to 600% increase in price.
I will be updating the chart as more price action happens, but at this point, I can see the following price targets:
Margin trading not recommended. As UMA can retrace more. But I STRONGLY recommend you to start accumulating, placing your ladder buys from here...
There is good buying force at 20$ zone and now it is heading to 30$ zone, this zone is very strong so I think it will take us some days to break through this zone to move up to re-test the ATH at 42$ zone
-Buy: 20-21$. SL if B
-Buy: 29-30$ if A. SL if B
-Sell: 29-30$. SL if A
-Sell: 41-43$. SL if A
-Sell: 20-21$ if B. SL if A
So, market has been in disarray recently and I couldn't exit my trades before the dump so I'm stuck but maybe you guys can do something so I'm still sharing my TA.
This looks a lot like a double bottom (bullish), so unless that green candle that pierces very little from that first top invalidates this pattern, this whould go up. Neckline is the dashed line, if a...
UMAUSDT (Day CHART) Technical Analysis Update
Waiting for the resistance zone breakout
UMA/USDT currently trading at $12.36
Buy-level: Above $13.40 (Only if 4 h candle close above resistance zone at $13.40)
Stop loss: I will update once I see the breakout
Resistance level 1 (Target 1): 16.25
Resistance level 2 (Target 2): $19.84
Max Leverage: 2X
. There is a possibility of temporary retracement to suggested support line (10.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. UMAUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
UMA continues to consolidate in this range in very low volume. It could range like this for several days.
NOTE: the overall altcoin market condition right now (Sunday, 2.14.21) is in CORRECTION. Very few alts are pumping today. We just had a major week of huge altcoin pumps, this correction is normal and expected, but there's no telling if it will continue to...
UMA potentially entering a pump out of the support area, with a 40% runway to previous ATH. First profit target is previous high of 44.12.
Potential profit taking targets of 20% on the way to 40%. Resistance expected at ATH. Potential add on if confident to add after breakout from ATH
Crypto 2021 Strategy notes:
I enter trades in 5 and 10% positions (of total...
So, this can be a break out but if volume doesn't increase overnight (I'm in europe) we won't see any pump. The problem is always with UMA: amazing project but poor marketing.
Volume profile shows the price is slightly over the price at which there were most buys, from here we should only go up.
The problem with UMA is that, as I said, people doesn't understand...
So, I started with bull flag, than a triangle, then a falling wedge and now, today's BTC/market dump changed UMA's pattern into a bigger wedge. Latest breakout is now a LH and we're within 0.5 and 0.618 Fib lines. In my personal experience most of reversal happens in this zone (as I've said in the past I expected a reversal on the falling wedge at 0.5 line. Off...