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UMA / TetherUS
Long

Uma pulling back for a slingshot move up

By Luca7
Updated
UMA is pushing into this nice ascending triangle, as long as Bitcoin stays stable we should see a good move back up to test 40 the previous ATH and then a retest of the fib levels of .786 or the .618, before we look to test the next stop at 55.
Note
Due to BTC's dump, This has clearly put a stop to growth in ALT coins and has prolonged this breakout, everything seems to be still in play holding up the trend line it's currently on. Still a hold for me.
Bitcoin (Cryptocurrency)Chart PatternscryptoCryptocurrencyTechnical IndicatorsTrend AnalysisUMAUSDT
Luca7

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