Zoom out on the weekly to see the near-perfect technical setup.
On the fundamental side:
- AcrossProtocol is launching it's L2 to L1 bridge next week and will use UMA's OO (optimistic oracle). All of the ownership will also be distributed to the community (which is likely going to be to UMA holders).
- A project called FIAT DAO is letting UMA holders farm their...
$UMA go brrrrrrrr $BTC go Brrrrrrrr. No clue how to link any charts but many coins are breaching trendlines established in February. Among some are UMA MKR STORJ and ANKR. AUCTION & NU also broke trends less established.
UMA has been consolidating since end of May into a range between 14$ 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...
Why get subbed to me on Tradingview?
-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates
🎁Please hit the like...
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!
Do you ike big wins and big money? Good! Me too!
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...
