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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
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
UMAUSDT (UMA) - POTENTIAL BUY ENTRY ANALYSIS 🔎 - UMAUSDT was printing a falling wedge pattern. - This is a bullish reversal pattern. - Price brokeout above the falling wedge's resistance. - Price retraced and tested the 0.618 fibonacci retracement level. - Price action is currently printing an ascending triangle pattern. - This is a bullish build up pattern. - There's a breakout potential. BUY ENTRY ⬆️ - Aggressive (risky): current market price (now). - Conservative: breakout above the ascending triangle's horizontal resistance. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). SETUP INVALIDATION ❌ - Breakdown below the ascending triangle's inclined support.
Long
by Chibuike_Odoh
UMA LONG - The Next Top 10 Coin This Currency Handles The Market Conditions Excellently As You Will See In The Near Future, Expect to see this coin handle the market better than XRP - Soon To Be A Top 10 Ranked Coin Circulating Supply - 55,738,359 UMA 55% Max Supply 101,172,570 Total Supply 101,362,990 Max Supply Current MarketCap - $1,606,369,925 ^84.02% Volume 24h $826,593,628 Market Rank #32 What Is UMA ? UMA, or Universal Market Access, is a protocol for the creation of synthetic assets based on the Ethereum (ETH) blockchain. UMA was launched in December 2018. 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 and run them on Ethereum’s blockchain. In essence, UMA allows counterparties to digitize and automate any real-world financial derivatives, such as futures, contracts for differences (CFDs) or total return swaps. It also enables the creation of self-fulfilling derivative contracts based on digital assets, like other cryptocurrencies. Who Are the Founders of UMA? UMA was co-founded by Hart Lambur and Allison Lu, who met on the Goldman Sachs trading floor. In 2005, Lambur graduated from Columbia University with a computer science degree. In addition to co-founding UMA, he is also the CEO and co-founder of Risk Labs, the company in charge of developing the Universal Market Access protocol. Prior to UMA and Risk Labs, Lambur worked as a research assistant at Columbia and as a government bond trader at Goldman Sachs. He has also founded and headed Openfolio, a personal finance tracking platform which he sold to Stone Ridge Asset Management in 2017. Allison Lu has received a degree in Economics and Management from the Massachusetts Institute of Technology. Between 2009 and 2015, she worked as a vice president at Goldman Sachs, where Lu and Lambur met. Afterward, 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. What Makes UMA Unique? The main idea behind Universal Market Access is reflected in its name: by developing a protocol for the creation of synthetic assets and financial contracts on the blockchain, it seeks to democratize and decentralize the financial derivatives market. The traditional financial markets have high barriers to entry in the form of regulations and custody requirements, which tend to preclude individuals from participating in them. It is often especially difficult for would-be traders and investors to take part in markets outside of their local financial system. This prevents the emergence of a truly inclusive global financial market and limits participation to a handful of institutions that can afford the necessary due diligence and legal procedures. UMA contracts, on the other hand, are based on Ethereum’s blockchain, whose permissionless nature allows any user to create, run and trade digitized derivatives from anywhere in the world. This accessibility is especially important for the developing economies around the globe, where financial institutions are frequently far from maturity, forcing local market participants into relative isolation. BINANCE:UMAUSDT BINANCE:UMABTC GEMINI:UMAUSD COINBASE:UMAUSD POLONIEX:UMAUSDT OKEX:UMAUSDT COINBASE:UMAEUR BINANCE:UMAUSD KUCOIN:UMAUSDT OKEX:UMAETH COINBASE:UMAGBP BITTREX:UMAUSD HUOBI:UMAETH HUOBI:UMAUSDT COINBASE:UMABTC BITTREX:UMAUSDT BITTREX:UMAEUR HITBTC:UMAUSDT BITHUMB:UMAKRW BITTREX:UMABTC BITTREX:UMAETH HITBTC:UMABTC HITBTC:UMAUSD HUOBI:UMABTC UNISWAP:UMAWETH
Long
by MaverickTrading
1
UMAUSDT (Waiting for the resistance zone breakout)UMAUSDT (Day CHART) Technical Analysis Update Waiting for the resistance zone breakout UMA/USDT currently trading at $12.36 Buy-level: Above $13.40 (Only if 4 h candle close above resistance zone at $13.40) Stop loss: I will update once I see the breakout Resistance level 1 (Target 1): 16.25 Resistance level 2 (Target 2): $19.84 Max Leverage: 2X ALWAYS KEEP STOP LOSS... Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and comment your thoughts.
Long
by GreenCryptoTrades
6
Level to WATCH for either more downward or reversal price action *DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. *Follow me for the latest cryptocurrency analyses on my watchlist *Let me know in the comment section if you agree or disagree, would love to hear your ideas too. *Thank you to those who donated, I very much appreciate it.
COINBASE:UMAUSD
by CryptoRush_
Bullish pattern apparent will it break to the upside?The current situation: 1. A bullish symmetrical triangle is apparent on the 4HR chart while the price action is near the apex of the triangle. The chance of breaking to the upside is 60% and the measured target is about 11.6 USD The bearish case: if the price action closes below the 4HR 21MA and below the bottom trend line, then lower price action is expected *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too. *These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
COINBASE:UMAUSDLong
by CryptoRush_
UMA 100% Candle + Project Overview & Chart Analysis w/ TargetsUMABTC | Strong drops lead to strong growth. Today UMABTC printed a very strong 100% candle... We can also see really high volume. About UMA UMA describes itself as a protocol for building synthetic assets. It aims to allow users to write self-enforcing smart contracts with economic guarantees. UMA is designed to power the financial innovations made possible by permissionless, public blockchains, like Ethereum. Using concepts borrowed from fiat financial derivatives, UMA defines an open-source protocol that allows any two counterparties to design and create their own financial contracts. But unlike traditional derivatives, UMA contracts are secured with economic incentives alone, making them self-enforcing and universally accessible. UMA, along with Ren protocol, has launched a Yield Dollar alongside a three-asset yield farming incentive, which enables its users to lock renBTC into UMA. renBTC can be used as collateral to mint uUSD and purchase more renBTC to create a permissionless leveraged position. Yield farming will also be supported. Thanks a lot for reading. Namaste.
by AlanSantana
1