UMAUSD trade ideas
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
UMA - The mother of all pennantsUMA seems to be forming a massive pennant, a break out of either side should lead to an explosive move. The last time this thing went on a run, it 4x'd in a matter of a few days. A breakout to the upside could be a nice trade for MASSIVE gains. Technicals aside its a promising project similar to SNX, Don't sleep on this one!
Cup and handle forming on UMA?Looks like we've got a nice cup and handle forming here. Some people like to see the handles descending a bit but this one is forming what looks like an ascending triangle on the 1h. Looks bullish to me. Volume is low but if it picks up then we should see another leg up
BULLISH FLAGHi everyone,
On the daily chart of Uma Macd histogram started to print green and we started uptrend. I copied the flag pole trendline and paste it where we broke out of the symmetrical triangle. Can we reach to $61? I think its very possible based on the trendline and fib levels
thank you
Happy Trading
UMA/USD: NO Whammy NO Whammy! STOP! CASH? Pls?!What's Up my Financial Amigo's & Amigas:
Keeping it simple since I've had too much scotch at this point:
Shown here is a basic(ish) 3 Base Step Parabolic Curve Structure (or seemingly so despite a less than perfect step structure IMO - such may likely be worsened from the aforementioned scotch), Regardless: wherein, X mark'ith that M'Fing spot on that M'Fing plane, located just prior to largest leg up (thus far - Step 3).
Also, not TA per se...but my gut got a tingle this afternoon when I was walking my dog, so I bought some. Sometimes a gut is much more reliable than TA...and sometime you also lose money way faster lol. Gamble was and is easier said and done during bull markets I know, but the trend is ur friend, don't hate the playa, hate the game, yadi-yadi-yadi, where is my boat, etc.,
Also and essentially: I just think its time for UMA to move another leg up, or if not still, very close. It could also and very well go higher, but IDK, this is my first bull run so I am still unsure of how large gains can be----and honestly I am still burned a bit with have scars on my scars from last bear market...So 293% Profit will have to do...for now. Come get some!
If so... or even close to that, well honestly, I am gonna be the one who becomes parabolic if u know what I mean...get it...lol sorry but that joke was simply "too hard" to resist. ;)
Either way I'll prob sell sooner that my projection in order to pt those funds into another opportunity (since I am not a whale and still have bills to pay you arrogant trust fund babies in the chat room) JK, It's okay, I am jealous of that sort of financial freedom, but all good things come to those who wait right?!!? *** cough cough OXT cough cough ***
NOT financial advice. GL trading ladies and gents/people, etc.
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!
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 :)