UMA has a long developing symmetrical triangle that has already pierced once before, breaking down one would believe that the asset would go down further.
Uma token pumps like shit for 5 straight months! I've seen crypto tokens pumping from a 100% to 400% in the past 5 months, but Uma stays on resesion mode in a bull market like this? My opinion, this is a shitcoin. The better kept them for what it is if this thing misses out on a bull market like this. Even XRP did it better! 🤦♂️ GTFO!
On the weekly charts it has come back and touched the EMA20 and it looks like it has complete wave 1 and wave 2 and has been consolidating for almost 3 months and we could see it enter wave 3 based on market conditions. Not financial advice and I am not a financial advisor. Please do your own due diligence before taking advice from someone.
With the long consolidation period and launch of the new UNI and BAL assets on the UMA protocol, the price action is at the brink of breaking past $45 and going into price discovery mode. The next fib level area for consolidation is $68.
It looks like UMA has had a great run against BTC as the price has begun to head downward for the latter. I rarely put the "USD" in the title of my posts as rarely is it significant, but I just want to call out a few things about UMA. 1) UMA is trending well against BTC, with a potential to keep up this trend and fall less drastically if BTC continues to drop (I...
So let's try not to mix fundamentals trading and TA but I will start by saying that UMA is an interesting project, it aims to simplify derivatives trading and make trading a derivative of anything possible. It has big partners already but most importantly, everyone wants more derivatives, especially if they can be traded in the US before regulators shut it down....
UMA USD pair, 1D chart. Price is creating a higher lows and while attempting to surpass a resistance at $29 drew a bullish ascending triangle pattern. ----------------------------------------------------------------------------------------------------------------------------- - Level to flip: $29 USD - Potential short term target: $35 - Signal to cancel a...
I like to use the #AVWAP for entries / exits, support / resistance.
I like UMA, UMA is going to $74, but not overnight.... give it a few weeks or a month for those of you that are impatient... not trading advice tg
Lowering volume and a descending triangle reflecting little interest in pushing UMA back up. Stochastics RSI showing it's already starting to trend down to the psychological whole number of 20. Expect it to tumble to 20 and if it hits the floor hard enough.... maybe UMA will start looking sad. A quote from VIA News, UMA is currently on bearish momentum by...
Massive pennant forming, UMA is looking like it's primed and ready to go. Needs to break above confirmation line at 25.5. This price area will also serve as support when it comes back to retest before going higher.
At a 1 bil mktcap and a great project.... Besides BTC, KONO, & PRO, UMA would probably 2022 top 30 coin
UMA seems to be forming a massive pennant, a break out of either side should lead to an explosive move. The last time this thing went on a run, it 4x'd in a matter of a few days. A breakout to the upside could be a nice trade for MASSIVE gains. Technicals aside its a promising project similar to SNX, Don't sleep on this one!
Let it ride with tight stop loss and the risk to reward ratio should treat you well. Not financial advice.
Looks like we've got a nice cup and handle forming here. Some people like to see the handles descending a bit but this one is forming what looks like an ascending triangle on the 1h. Looks bullish to me. Volume is low but if it picks up then we should see another leg up