UMA / BitcoinLong
UMA/BTC potential breakout!
- textbook falling wedge, watch for breakout but wait for at least daily close above it. UMA likes to fakeout.
- higher low/double bottom
- weekly StochRSI crossing up
- more frequent tests of upper trendline with good volume
- if UMA breaks out of the falling wedge, it can move quickly
- current market cap 580m, a lot up upside potential
Targets:
T1: 0.00037 BTC
T2: 0.0006 BTC
T3: 0.0011 BTC
Breaking the lower trendline invalidates the trade.
Good luck!
- higher low/double bottom
- weekly StochRSI crossing up
- more frequent tests of upper trendline with good volume
- if UMA breaks out of the falling wedge, it can move quickly
- current market cap 580m, a lot up upside potential
Targets:
T1: 0.00037 BTC
T2: 0.0006 BTC
T3: 0.0011 BTC
Breaking the lower trendline invalidates the trade.
Good luck!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.