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UMABTC trade ideas

UMA | Very Easy, High Probability 200% Bullish TargetMy dear friend, this chart setup is high probability; This target is very easy, it can net 200% profits in the coming weeks or days. Don't let the simplicity get in your way. We are looking UMABTC on the daily timeframe. I don't know if there is anything to explain as the chart leaves no room for doubt. We have a correction that leads to a consolidation pattern, then a bottom followed by a bullish wave. (This is the left side of the chart.) After this bullish wave, we have a classic two steps correction leading to a strong and pretty obvious bottom formation. This bottom formation is fully complete and we are witnessing the start of a new bullish-wave. The 200% potential is really easy; fast. High probability because of the signals. There can be more. Thank you for reading. Namaste.
Long
by MasterAnanda
3
✳️ UMA Prepares Major Bull-Market (1984% Or 6597% Final Target)In just two weeks, fourteen days, UMABTC produced a 360% bullish wave, this to mark the bottom for this pair... A bull-market is now ready to start. After a classic retrace below 0.618 Fib. retracement, support is being tested as EMA50. Here is the chart: Short-term it can be tricky as there is room for a bit lower or the action can suddenly switch and we see growth... That's the tricky part but this really in the near short-term, if we zoom out a little bit, everything becomes easy; buy and hold is my preferred strategy for this type of pair. Here is the long-term log chart with a 1,010% target mapped: Looking at the main (linear) chart, the next All-Time High potential is off the chart. The target 0.00596000 gives out 6,957% potential for growth... Let's just focus on the 1,010% or even 1,984%, that is more than enough. The Cryptocurrency market is wild. Thanks a lot for your support. Namaste.
Long
by MasterAnanda
3
UMA/BTC potential breakout! - textbook falling wedge, watch for breakout but wait for at least daily close above it. UMA likes to fakeout. - higher low/double bottom - weekly StochRSI crossing up - more frequent tests of upper trendline with good volume - if UMA breaks out of the falling wedge, it can move quickly - current market cap $580m, a lot up upside potential Targets: T1: 0.00037 BTC T2: 0.0006 BTC T3: 0.0011 BTC Breaking the lower trendline invalidates the trade. Good luck!
Long
by RekkTheBeras
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
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
Bully movesGet ready to become rich, folks🔥 There is one more interesting formation on crypto market. Symmetrical triangle on UMA/BTC crypto pair. According to Elliott Waves theory Wave C is done and now price is heading to Wave D. However this formation may become circumcised and break the level earlier. So follow the chart and look for the breakout carefully. _____________________________________________________ If you enjoy my FREE Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! Feel free to leave comments✉️ And always remember: "we don't predict, we react".
by Berzerk_invest
4
UMABTC is testing the historical resistance 🦐UMABTC is testing the historical resistance adter a nice breakout from 4h resistance. IF the price will have a breakout from the daily resistance and retest it as new support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
16
UMA an unpumped gem?Looking at the 4hr timeframe we can see a poor market physiology in UMA, imagine holding this yesterday through that doge pump, that chart has creating a nice accumulation pattern allowing UMA to peg BTC for performance, but are we about to see a fomo breakout like early Feb, theres a bullish divergence pushing price towards a confluence zone of price action, can we ride the parabola' to form a cup? The fundaments seem to be strong as well, but im not completely up to scratch with its token economy, but considering the fact UMAs performance is below average with a decent product, recently the DOGE and ETC pumps, do fundamentals mean a thing? ETC has a double spend, its broken, but when the bots create a FOMO situation we just let other greed take over, but this time we might be in first. BTW im not ridiculing DOGE before i get hate mail, DOGE is a better currency than the dollar, but if you want to pay in DOGE its a little tricky to figure out how much to pay due to it being a little volatile, DOGE next pump will be even more biblical, i think it will be available for around 250sats some time soon
Long
by webbie83