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UMA

UMA-USD Breakout imminent 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 trade: Break below a trendline (bottom line of ascending triangle). ------------------------------------------------------------------------------------------------------------------- What is UMA? (via coingecko ) UMA allows anyone to create collateral-backed synthetic assets on-chain including S&P 500, Gold, Tesla stock, etc. ----------------------------------------------------------------------------------------------------------------------------- This is not an financial advice. Always do your own research. Always check a bitcoin chart before trading an altcoins.
COINBASE:UMAUSDLong
by allkrystals
UMA runs out of gas... Squeezed back to 20 dollarsLowering 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 7.37% in the last 6 hours. At 21:22 EST on Saturday, 3 April, UMA is at $24.70. They seemed to agree on the downward trajectory here. BTW, Does anyone think UMA Thurman
COINBASE:UMAUSDShort
by Ifyouonlyknew
1
Back into a triangleNOTE: chart pattern's lines are drawn according to 4h chart but in order to show better the pattern I chose the daily one. UMA had recently broke out from a falling wedge, created a new HL and was on a promising trend, also I had noticed a Cup&handle which was working out well. However in this market were people (and bots) sell when BTC goes down all it takes to mess things up is a panic sell and that it was. during last two days BTC made the market dump hard, so hard it changed many patterns and UMA is among those. Recent drop invalidate what I said so far, I personally think this is now a triangle. From this point of view I won't the price to go a bit lower and touch the bottom of the triangle, I actually would like it because this would strenghten my pattern interpretation but UMA has shown to be very, very influenced by BTC so if BTC goes down UMA will too. Target and resistance (the violet one is wider a resistance zone) are on the chart. if you wanna enter wait to see if price starts going up or if try to tests the lower of the triangle. Sooner or later history will repeat itself and UMA will go over 40$
by Shotokhan
1
How Profitable Is UMA's Recovery?After reaching the important support level between $18-$20, UMA started rebounding. Let’s see how much potential profit UMA could bring us if we bought in now! Backstory: UMA’s previous strong growth was mainly due to an announcement regarding the arrival of the uSTONKS synthetic token. uSTONKS tracks an index consisting of ten stocks that are most commented on r/wallstreetbets. Wallstreetbets is a Reddit that gained popularity after pumping certain stocks (such as GME and AMC), making hedge funds lose billions of dollars in a short squeeze. Recovery and Potential Profit When the hype regarding uSTONKS started to die down, UMA’s price began descending. The price eventually reached $17, or 60% lower than the all-time high. Since then, the token has consolidated for a while, and now it looks like it is trying to start a new uptrend. If UMA were to recover to its all-time high, it would mean a 110% increase in price, which would essentially more than double your funds if you were to invest now. A minor resistance on its way to a full recovery is the $24 price point. Breaking above $24 significantly would probably mean that UMA is attempting to reach its all-time high again. Uncorrelated: One excellent aspect about UMA is that it is not as influenced by Bitcoin as the rest of the market. For example, when Bitcoin was trending strongly in October and November 2020, UMA wasn’t moving much. The token made its most substantial moves when it had positive news. Disclaimer: We do not give trading recommendations; we only break down potential trades. Always do your own research before entering any position.
Long
by cryptohopper
3
UMAUSDT (UMA) - POTENTIAL BUY ENTRY ANALYSIS 🔎 - UMAUSDT brokeout above the horizontal resistance level and hit an ATH - Price then retraced for a retest of the flip horizontal support and 0.618 fibonacci retracement level. - RSI is printing a bullish divergence signal (BDS 🔼). - The retracement is bounded in the falling wedge pattern. - A falling wedge pattern is a bullish reversal pattern. - A breakout above the falling wedge's resistance could be an uptrend continuation signal. - Price action is printing a double bottom pattern at the retest area. - A double bottom pattern is a bullish reversal pattern. - There's a breakout potential. BUY ENTRY ⬆️ - Breakout above the falling wedge's resistance. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - Fibonacci extension levels. SETUP INVALIDATION ❌ -Breakdown below the double bottom horizontal support level.
Long
by Chibuike_Odoh
2
UMA - Decision Time is upon us! 67%+ Gains Potential! Hello Traders, Here is one of the more unique projects the cryptosphere has to offer. #1. This is great bc there isn’t a lot of competition in the direction this company is taking. But as a lot of bigger people in the crypto market like to say, this could be a bad thing bc competition is what allows a company to get more creative and to speed up what they offer. Though, I still believe this company is just budding and we will see big things from it in the future. #2. Circulating supply is very low, with only 56 Mil coins currently circulating. Max supply is just over 100 mil. Which will allow for a higher demand once this coin finds it’s footing. #3. Like stock derivatives, but with a crypto/defi twist — UMA is focused on building “priceless” derivatives on Ethereum. The space has been quoted to be worth between 500 Trillion and 1 Quadrillion $$$. While this is all speculation until it starts to take hold, I do believe it’s something to dive deeper into to get a better understanding of. You can read more about what they do here: docs.umaproject.org Technically speaking, I’m seeing a 3-dive pattern forming in the downward channel. Depending, if we can find a support, which we hold, then we should see a strong move up. But to be honest, this is one we want to hold and hold for the long term to realize the true potential this amazing market will be able to offer. Good luck!
COINBASE:UMAUSDLong
by MarkStPeter
2
🆓UMA/USDT Analysis (24/2) #UMA $UMAThere is good buying force at 20$ zone and now it is heading to 30$ zone, this zone is very strong so I think it will take us some days to break through this zone to move up to re-test the ATH at 42$ zone 📈BUY -Buy: 20-21$. SL if B -Buy: 29-30$ if A. SL if B 📉SELL -Sell: 29-30$. SL if A -Sell: 41-43$. SL if A ♻️BACK-UP -Sell: 20-21$ if B. SL if A -Buy: 15.5-16.5$. SL if B ❓Details Condition A : "If 8H candle closes ABOVE this zone" Condition B : "If 8H candle closes BELOW this zone"
Long
by CryptoStation
1
UMA/USD 4h Possible Cup and Handle by the End of MarchPlaying around with the price predictions I've came over the potential for a huge Cup and Handle pattern for the Unified Market Access USD pair. Of course this is just one of possible scenarios and yeah, it's a positive one. Let's watch what will happen soon. Meanwhile I'm using the market dip to perform dollar cost averaging for the UMAUSD pair. This is not an investment advice as I'm not a financial advisor. Make your investment decisions at your own risk and perform your own researches. And REMEMBER: Likes and comments make your trades much more successful :)
BINANCE:UMAUSDLong
by A_10W_Gene
2
UMAUSDT (UMA) - POTENTIAL BUY ENTRY ANALYSIS 🔎 - UMAUSDT is printing a falling wedge pattern. - This is reversal pattern. - A bullish pattern to be precise. - Price action is printing the double bottom pattern. - This is also a bullish reversal pattern. - RSI is printing a bullish divergence signal. - Price is testing the falling wedge's resistance and double bottom neckline resistance. - There's a breakout potential. BUY ENTRY ⬆️ - Breakout above the falling wedge's resistance and the double bottom neckline resistance. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). SETUP INVALIDATION ❌ - Breakdown below the double bottom horizontal support level (S1).
Long
by Chibuike_Odoh
11