UMAUSDTWe can attempt to short UMAUSDT from specified level if it break HL , also bearish divergence occur indicate that it moves downward.
SL , TP mention in chart.
UMAUSDT.P trade ideas
UMAUSDTUMA ~ 5D ✅
#UMA Make purchases gradually in this pattern. In our opinion, it is only a matter of time that this descending pattern is successfully broken.
UMA - Three D(r)ives Down PATTERNUMA is approaching an ideal buy-back zone whilst forming an important chart pattern - the Three Dives Down Pattern.
This pattern goes by many names including Three Drivers, Three Drives Down and Three Dives Down (which is the one I prefer to use). This pattern is bearish for the SHORT term, but bullish for the NEAR and LONGER term.
It's important to note that this analysis is from a macro timeframe, with the aim on identifying the key buy-back or re-accumulation zone. From the daily and lower timeframes, the price could easily increase by large amounts however, keep in mind we're looking for an accumulation zone not for swing trades in this post.
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BINANCE:UMAUSDT
UMAUSDT.1DAnalyzing the UMA/USDT chart on a daily timeframe provides insight into its recent performance and potential future trends. The chart reflects a volatile but generally bearish trend, highlighted by a significant spike followed by a consistent decline.
Key Observations:
Resistance and Support Levels: The chart illustrates three distinct resistance levels (R1 at around $4.629, R2 at $3.892, and R3 at $2.383) and a support level (S1 at $1.433). Currently, the price is hovering near S1, suggesting a critical juncture; if this support holds, it could prevent further declines.
MACD Indicator: The Moving Average Convergence Divergence (MACD) is nearly touching the baseline, indicating a potential change in momentum. While still in the negative, the decreasing distance between the MACD line and the signal line could hint at a reducing bearish momentum.
RSI Levels: The Relative Strength Index (RSI) is at 46, which is neither in the oversold nor overbought territory. This level suggests a relative balance between buyers and sellers, though it leans slightly toward bearish conditions given the trend.
Technical Analysis and Conclusion:
The chart's downward trajectory following the spike suggests that the market reacted negatively to a possible overvaluation, or it could be adjusting after a speculative rally. Given the current proximity to the support level at $1.433, this is a crucial area to watch. A break below this support could lead to further declines, potentially testing new lows. Conversely, if the price stabilizes or rebounds off this support, it might attempt to retest resistance levels, particularly R2 and R3 as potential targets for a bullish recovery.
Trading Strategy:
Given the current setup, I would adopt a cautious approach. If considering entry, one strategy would be to wait for a confirmed rebound from S1 to consider a long position with a target at R2 or R3, using a tight stop-loss just below S1 to minimize potential losses from a breakdown. Conversely, a break below S1 could be a signal for a short position, targeting further declines, though always considering the volatile nature of this asset.
Overall, UMA/USDT presents a challenging yet potentially rewarding setup, requiring close monitoring of these technical levels and broader market sentiment for more informed decision-making.
#UMA/USDT is trying to break the Diagonal Trendline in 4-Hour TF#UMA/USDT is trying to break the Diagonal Trendline in 4-Hour TF!
NSE:UMA needs to break the trendline to turn bullish. Wait for a successful retest to long #UMAUSDT. The local resistance level is PWH $2.19, and the support level is PML $1.699.
UMAUSDTHM Triangle BO v1.0 spotted. Looking good with previous wave up with increasing volume and momentum.
- BOS (Breaks of Structure) at @ 1.993-1.932 level
- Trending slow and steady if able to hold above the BOS level
It is at extremely good reward to risk level.
UMAUSDT.PUMAUSDT.P is in bullish trend.
Bullish divergence also form.
printing HH and HL.
We wait and watch for the breakout of last HH.
UMA ANALYSIS (1D)Now we have more data on the chart and the scenario seems clearer.
From the place where we entered "start" on the chart, the UMA correction has started.
This correction seems to be a large diametric that we are now in wave E of this diametric.
If the price reaches the green range, we will look for buy/long positions in this range and save the position with a reasonable profit.
Closing a daily candle below the invalidation level will violate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
UMA LONG IDEAHi Team, this is UMA Long Idea price will retrace first sweeping of sell side liquidity then will be running into the upside hitting up the buying liquidity, remember to use wise money management
UMAUSDT Making Higher HIGH, It can go up to break the records???UMAUSDT make sign to buy at the bottom of the trend(Double Top)
Broken the Neckline and Starts making Higher High and Higher Low.
Trend it not over yet, IT has potential to break 3 ASAP.
I have shared the trading setup
UMA's bearish trend line was broken !Trading Setup:
A Trading Signal is seen in the UMAUSDT UMA 4h (Futures)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 2.101
⭕️SL @ 1.670
🔵TP1 @ 3.193
🔵TP2 @ 4.191
🔵TP3 @ 5.628
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments .
UMA sell/short setupWe are looking for sell/short positions in the supply range.
The targets are marked on the chart.
At the bottom of the chart we have a lot of IFC moves.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
UMA LONG PLANUMA/USDT
Currently at discount zone of the P/D Range.
Holding at trendline Support + Weekly Demand Zone.
What next?
can pump from this level until holding above the support.
Invalidation.
weekly candle close below the demand zone..
Expected to hit the bottom of the channelThe overall trend for UMA is bearish. It ranges for a while, then makes a shadow upward move before continuing to drop. UMA is in a descending channel and continues its downward trend within this channel. The expected scenario is that UMA will hit the bottom of the channel and then move upward towards the top of the channel.
UMA gold signal#UMA price is completing the ascending triangle pattern. When the price can break the resistance of the pattern, it can grow again to its previous ceiling.
The demand level of $3.100-$3.200 - is being consumed well. It is expected that the supply level of 3,800-3,600 dollars will be completely consumed soon, and the price will start to grow.
If the demand level is broken and the price falls below it, the trend will be downward.
thank you
UMA token completed a setup for upto 16.50% pumpHi dear members, hope you are well and welcome to the new trade setup of UMA token with US Dollar pair.
Previously we caught 33% pump of UMA as below:
Now on a 2-hr time frame, UMA has formed a bullish AB=CD move for next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Uma | UmaUSDT on breakout with volume and growth rate in atfUma | UmaUSDT on breakout with volume and growth rate in atf
Support line - $3.789
UMAUSDT Trading opportunityThe UMAUSDT pair has completed its bearish Head and Shoulders (SHS) pattern target and has identified an immediate bottom. This development suggests that the price is poised for an upside rally starting from the current levels, heading towards a target that is illustrated on the chart. The buy back zone is recommended as an optimal area for accumulation, with the potential for this level to provide significant returns in the ensuing market movements.
We are advised to exercise caution by employing a sound stop-loss strategy to mitigate risk.
Your insights and feedback on this analysis are highly valued, and we encourage you to leave your comments and likes as a form of engagement.
Thank you for your interaction and support.
Please note that while the information provided is based on current chart patterns and technical analysis, market conditions can change, and past performance is not indicative of future results. Always ensure to do your own research and consider multiple sources before making any trading decisions.
umaWe have an important resistance in this area that if he can establish in the daily team, high numbers will be available
#UMA/USDT breaks the Diagonal Trendline in Daily TF!#UMA/USDT breaks the Diagonal Trendline in Daily TF!
NSE:UMA is heading towards a retest of the trendline. Wait for a successful retest to long #UMAUSDT. The local resistance level is PMH $4.444.
UMAUSDT Short Timeframe Analysis/PredictionThis analysis is based on the Heikin Ashi candlestick chart for the UMA/USDT trading pair within a short-term timeframe.
Trend Analysis
The chart depicts a sequence of lower highs (LH) and higher lows (HL), an indication of a consolidating market. However, the most recent price action shows a break below a key support level with a subsequent lower high and lower low, suggesting a shift towards a bearish trend.
Support and Resistance Levels
Support and resistance levels can be observed, with the most recent price action breaking below support at around $3.80. The next key support level appears to be around $3.50. The price has faced resistance at approximately $4.00 to $4.20.
Trading Strategy
Giving the recent lower highs and support breakdown, a bearish stance would be logical. Traders might consider short-selling at a pullback towards the broken support now resistance, approximately at $3.80, with a tight stop-loss above this level, for instance, at $3.90. The target for this trade could be set above the next support level of $3.50, at around $3.55, to account for potential reversals before the level is reached. If the price were to break back above the $3.80 level, reassessment of the market conditions would be necessary to ensure that the trader is not caught in a bear trap.
Disclaimer
This analysis is for educational purposes only and should not be construed as financial advice. Proper risk management and due diligence are essential when trading.
UMAUSDT(UMA) Daily tf Range Updated till 09-05-24UMAUSDT(UMA) Daily timeframe range. many alt's following similar pattern. easy to spot and easy setups for profit. now in here it tried to break 3.496 but not a healthy close.need a clean close no other way.recent retrace point is at 2.426.
