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Umabtc

UMAUSDT - BUYING THE REAL DIPEmissary over here. Hello again everyone. Today we take a look at UMA. Right here we have the roadmap for this coin I've been following for a while now, for the next six months. Price offer and demand zones denoted in purple horizontal lines. Arrows drawn depict how I roughly expect the coin to do in the mid term. Plain and simple, buy the dip, from there on book your profits at the end of each green arrow and stack some more UMA at the end of each red one. Expected percentual profits for each move are depicted within the chart with the price range tool. Thank you for reading the message once again. If we reach 100 followers I'll do something special for my audience. If you like my work give it a thumbs up and leave a follow for more everyday analysis. Remember the message never sleeps. Also I'd like to hear your opinion in the comments. Remember this is no financial advise, DYOR and trade at your own pace and risk. Byebye
Long
by MessengerFromTheUnderworld
1
UMABTC 8h long setup; Breakout of 1.5 year downtrendTA explained Starting with the bigger picture for UMA using the 1W TF. A long lasting downtrend (starting at Sept 2020) was broken at the start of November with a very strong bullish weekly candle, after which the price pullback and retested the broken TL. Zooming into the 8H TF we can see two interesting things. First we see the price retested the descending TL twice. Second interesting fact is the second time it tested the trendline it also aligns with the center of the demand zone on the left. Last thing to consider is the break of the local descending trendline. After getting rejected 3 times, the fourth time price was able to break through. With this little pullback we might already start the upward continuation. If not a deeper retracement could happen by retesting the latest low and creating a double bottom which would give us our second entry as well: Trade setup Entry zone: 0.0002022 - 0.0002174 TP1: 0.0003279 TP2: 0.0004411 TP3: 0.0005539 SL: 0.0001745 RR: 9.93 Max leverage: na ————— MDSquared Crypto Lounge ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)
Long
by MattieDsCryptoLounge
UMAUSDT Technical Analysis💎 UMAUSDT has been rejected by the support zone. The series of green candle show that the bulls can potentially push the price much higher. However, we might see a pullback after the pump. The price is moving to the next major resistance. 🌐 Tradingview 💵 Invest Only 5% of your Portfolio 🎳 Entry/Pullback now or from 10.649 - 9.682 ☕️ TP1 11.535 🍺 TP2 13.019 🍻 TP3 14.663 🍾 TP4 16.234 🍷 TP5 17.631 🍸 TP6 19.000 🍹 TP7 🎁 TP8 🚫 SL 9.518 - 8.405 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. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a profitable day 😊👍🏻
Long
by Fibonacci-Signals
2
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 🌐 Tradingview 💵 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 🎲 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. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a profitable day 😊👍🏻
Long
by Fibonacci-Signals
14
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.
Long
by Kingsley_lotanna
3
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. 🌐 Tradingview 🏁 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. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a profitable day 😊👍🏻
Long
by Fibonacci-Signals
5
Universal Market Access (UMA) Universal Market Access (UMA) - A fast, flexible, and secure way to create synthetic assets UMA, is a protocol for the creation of synthetic assets based on the Ethereum (ETH) blockchain. Synthetic assets are a class of assets that represent different, underlying assets and have the same value. UMA specifically enables its users to design and create self-executing, self-enforcing financial contracts secured by economic incentives. Overview ⦁ UMA was co-founded by Hart Lambur and Allison Lu. Lambur is also the CEO and co-founder of Risk Labs, the company in charge of developing the Universal Market Access protocol. He has also founded and headed Openfolio, a personal finance tracking platform which he sold to Stone Ridge Asset Management in 2017. Lu worked as the VP of credit & risk analysis at the financial services mobile app Tala. She was also an advisor at One Daijo, an Ethereum-based peer-to-peer lending platform. ⦁ The Risk Labs Foundation initially created 100M UMA tokens. The token distribution is as follows: ⦁ Risk Labs Foundation deposited 2,000,000 UMA tokens into a Uniswap liquidity pool ⦁ 35,000,000 tokens will be distributed to developers and UMA users. The mechanics of this distribution have not been finalized. ⦁ 15,000,000 tokens were allocated to investors ⦁ 33,500,000 are held by Risk Lab’s Founders and early contributors. All individual token grants are subject to a 4-year vesting schedule ⦁ 14,500,000 are reserved for future token sales ⦁ Governance: Users can earn inflationary rewards by participating in governance ⦁ Disputes: Tokens are used to properly incentivize price requests during disputes Burns: All financial contracts using UMA pay a tax that’s used to buy and then burn the token, driving value to UMA and scaling economic guarantees as protocol activity increases ⦁ UMA is traded on multiple markets, including Coinbase PRO that allows all U.S. based residents to legally obtain this coin. This gives institutional investors a direct access to UMA. ⦁ Grayscale have registered a trust on UMA, but have not opened it yet. Details: UMA stands for Universal Market Access. UMA is driven by a shared belief that financial markets should be free, open, and fair. The economic freedom created by a free and open market enables everyone equal opportunity to pursue prosperity and build financial independence. UMA's goal is to enable anyone to attain or transfer any form of risk seamlessly and securely through UMA protocol to empower everyone to participate in a universally accessible financial system. docs.umaproject.org Unique technologies: UMA is open-source infrastructure for deploying and enforcing synthetic assets on Ethereum. UMA enables developers to quickly and easily build synthetic tokens that track the price of anything. UMA enables developers to create synthetic assets via two core components: ⦁ Priceless financial contract templates docs.umaproject.org ⦁ Decentralized Oracle Service docs.umaproject.org Together, these two components enable the creation of fast, efficient, and secure synthetic derivatives on the Ethereum blockchain. How UMA Works: docs.umaproject.org UMA offers priceless financial contracts. Priceless financial contracts are smart contracts that only require an on-chain price feed in the event of a dispute. Economic guarantees and network incentives ensure network actors will act honestly most of the time, but in the event of a malicious actor or an ad hoc market event, a dispute can be raised to call UMA’s dispute resolution system known as the Data Verification Mechanism (DVM). There are five main network actors on UMA ⦁ Token sponsors ⦁ Liquidators ⦁ Disputers ⦁ Data Verification Mechanism (DVM) ⦁ UMA Tokenholders From coinmarketcap: Total value locked $198,317,787 Total supply: 102,089,750 UMA Max: 101,172,570 UMA Circulating Supply: 60,078,660 UMA (59%) Exchanges: Coinbase Pro, Binance, Bitstamp, Poloniex, Gemini, Bittrex, Uniswap, Sushiswap, Balancer, How synthetic assets are secured on UMA Token sponsors are individuals who lock collateral in a smart contract to mint synthetic tokens. Token sponsors are responsible for making sure their positions always remain overcollateralized or else their positions will get liquidated. The value of the collateral in the smart contract is continually monitored off-chain by a robust network of Liquidators. Liquidators continuously monitor if a position is properly collateralized by referencing off-chain price feeds. Liquidations can be configured to automatically search for positions to liquidate (through Liquidation Bots) or manually by anyone holding the synthetic asset and collateral currency of the position they are liquidating. Liquidators are incentivized with rewards to identify and liquidate undercollateralized positions. If a position is liquidated by a liquidator bot there will be a 2-hour delay before the liquidation is finalized. During the 2-hour delay, Disputers are incentivized to monitor contracts using UMA’s priceless financial contracts. Similar to Liquidators, Disputers can be in the form of a Dispute Bot or executed manually. Disputers reference their own off-chain price feeds to determine if a liquidation was valid or invalid. If invalid, the dispute bot will dispute the liquidation which will call UMA’s oracle known as the Data Verification Mechanism (DVM). The liquidated position will be pending until it is resolved by the DVM (48 hours later). Contracts that wish to receive a price faster than 48 hours can use UMA's Optimistic Oracle. The DVM will resolve the dispute by proposing a vote to UMA Tokenholders to obtain the price of the asset at a given timestamp. UMA Tokenholders will reference off-chain price feeds to report price information to the DVM. The DVM will aggregate UMA tokenholder votes and report the price of the asset on-chain. If the Disputer was correct, the DVM will reward the Disputer and the Token Sponsor of the effected position. If the Liquidator was correct the DVM will reward the Liquidator, penalize the Disputer, and the Token Sponsor will lose the funds in their position. Best regards EXCAVO
Long
by EXCAVO
3