UMA
UMA ResultWell on the previous analysis I stated that UMA has reached an important resistance level.
so I was waiting for a correction.Now that correction is complete and it reached a support level , and to me it seems like an interesting area to go long.
check the link below to see the previous analysis.
UMAUSDT Technical Analysis⏳ Spot
💎 UMAUSDT has got rejected from the major resistance. It is going to have a pullback at the previous support and then we can expect another bullish move. It can pump after the resistance breakout
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💵 Invest Only 5% of your Portfolio
🎳 Entry Now or at 15.261 to 17.385
☕️ TP1 21.854
🍺 TP2 26.235
🍻 TP3 30.084
🍾 TP4 33.845
🍷 TP5
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 13.668 to 15.261
Good Luck 🎲
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UMAUSDT is Heating up - BOS ConfirmedBOS - Break of structure
KR/KS - Key Resistance/ Support
ATH - All Time High
UMAUSDT🔥 - We are looking to see price fall back to the demand zone since BOS is confirmed.
I will look forward to buying in at demand zone ( 13.621 area )
Follow targets 1 and 2 to secure your profits. You may re-enter at our virtual demand zone and exit 50% at target 2, then leave the rest to see what price will do
Kindly do place your SL below KS.
Like, follow me and Comment below, let me know what you think.
UMAUSDT Technical Analysis⏳ Spot
💎 UMAUSDT has broken above the symmetrical triangle, the retest has been successful and the pullback has happened already. After series of rejections I expect that it goes higher.
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🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry Now or at 11.996 to 12.947
☕️ TP1 14.008
🍺 TP2 15.269
🍻 TP3 16.856
🍾 TP4 18.543
🍷 TP5 20.597
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 11.295 to 11.996
Good Luck 🎲
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this.
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We will have more FREE forecasts in TradingView soon
Have a profitable day 😊👍🏻
New ATH for UMA coming sooner than you thinkZoom 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 FDT governance token starting next week.
Regardless of the amazing technical setup, I think UMA will be in high demand just for the above two reasons. I feel a huge green burst can happen any day now.
UMA bullish potentialUMA 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 go long and target a larger move higher into 20$ then 40$.
UMA looks greatYOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
UMA trying to go over EMA 200 UMA was disappointing during the past bear wave as it retraced more than it should have, especially if you compare it with other projects, indeed as you can see, it touched the 1 Fib line. However the dump is over and as the rest of the market it's starting to slowly rise up.
Since the chart is pretty "young" my TA it's kinda a speculation. Supposing it'll repeat what it did in the past the half circle at the bottom is almost over. I've used the bars pattern to show how it could go but offo course this is not very accurate, however if you check how price was in the TMA before the last super pump and it is currently it seems we're on track for another pump.
What's accurate instead is that UMA's price bottomed on the 1 Fib level meaning from there we can only go up, especially until the end of this cycle (Q4 2021 I suppose). Check the yellow trend line though, if price touches that one it's still acceptable.
I hope my TA plays out, I'll try to keep you more posted about it but please, be aware I'm still working a lot.