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UMAUSDT

UMA bottomed I had great expectations for UMA when entered it and saying it disappointed so far it's the least but after all the entire market went down and probably it was my fault, now instead everything bottomed and UMA makes no exception. Price action isn't encouraging and has been flirting with 1 Fib line but VLPR at daily timeframe shows UMA has been heavily bought close to that zone (I'll post the screenshot in the comments). At weekly timeframe we can clearly see an asymmetrical triangle which in this case is a bullish pattern, however even if UMA should fail to pump a thing is certain: from here the chances it pumps are far more than the chances it dumps. Check the risk/reward ratio on the screen and take in account I didn't even thought that UMA will reach the ATH in this analisys because I'm being cautious. Check the comments for the daily timeframe, I'll add some fresh comments there. Good luck P.S. can't rain forever!
Long
by Shotokhan
UMAUSD D1: 80% correction warning H*S broke down(SL/TP)(NEW)Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! UMAUSD D1: 80% correction warning H*S broke down(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. NOT a setup to SHORT UMAUSD. Just showing signs of weakness and recommend to stay out of this market into the correction. 🔸 Summary and potential trade setup ::: UMAUSD daily chart review ::: LOG SCALE chart ::: not a great looking chart ::: H&S setup in progress / confirmed ::: S/R was re-tested and we are still flushing ::: price/ RSI div very clear on D1/H8 TF ::: expecting correction/pullback mode ::: pullback required to attract ::: new buyers from the lows ::: 60-80% correction possible next ::: 4-8 weeks in Q4/Q1 2021-2022 ::: right now no upside in this market ::: position traders should wait for ::: better entry prices later after ::: correction MODE up next ::: be careful don't get caught up in this ::: also overextended right now ::: BULLS remain on sidelines and ::: be ready to BUY LOW later ::: recommended strategy: SHORT SELL RIPS/RALLIED ::: TP BEARS is +80% gains ::: BULLS stay out until correction is over ::: SWING TRADE: SHORT/HOLD IT ::: correction run not over yet ::: good luck traders! ::: BUY and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS/CORRECTION ::: Sentiment short-term: BEARS/CORRECTION RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
COINBASE:UMAUSDShort
by ProjectSyndicate
2
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
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
UMA moves slowlyI'm sorry for the messy chart, but I prefered to leave both patterns to make you understand. As you can see the breakout from the descending channel I had posted weeks ago is still happening but very slow as there are too many sells in the resistance area (purple rectangle). It appears clear from the VLPR (more yellow than purple in the histogram) and also from the behavious of the price itself. So basically, as soon as the people that wants to sell around 13 and 14USDT will finish UMA should be able to continue the breakout. When that will happen two possible ways will present: 1) a breakout from the descending channel (modest pump) 2) price will touch 14.5USDT to form an Adam&Eve pattern. If this happens price should reach 22.5-23USDT Now, I've a bag of UMA and I'm aware this token is underperforming my expecation, but if altseason will affect positively every good project then UMA should get enough volume to go over its ATH. However it's also up to the company which I think, it's no doing marketing in a very interesting way. I'd buy some if price will retest channel's upper band. Good luck
by Shotokhan