UMAUma has absorbed liquidity to facilitate an upward movement. I am observing a possibility of surpassing the 4-hour high.
UMAUSDT.P trade ideas
Still bullish For those who wants more updates on Uma Usdt ,we have a target on 5.2 $ but be patient for that
Analysis on umaThe coin bounces from the support level, confirming my decision to go long on the lower time frame and take profit at the nearby resistance level.
UMA BULL FLAG BREAKING OUT!UMA crypto is basically a decentralized financial protocol that lets people create synthetic financial products on the Ethereum blockchain. With UMA, you can make and trade synthetic assets tied to all sorts of things like cryptocurrencies, stocks, commodities, and more. It's like opening up access to global financial markets without relying on traditional middlemen.
Now, let's talk about the technical analysis:
UMA is forming a bull flag pattern. That's when the price of an asset shoots up really fast (the pole) followed by a period where the price consolidates with a downward-sloping triangle shape (the flag). This pattern is seen as very bullish because it suggests a temporary consolidation period before a strong upward trend continues.
In this analysis, we're using Fibonacci retracement tool to figure out price targets for both short and long term.
For the short term, looking at the bull flag pattern, we can use Fibonacci retracement from the highest point (the pole) to the lowest point (the flag). From there, we can see that the price target falls in the range of $8.7-$11.5. This indicates a potential significant price increase in the near future.
Meanwhile, for the long term, the price target can be determined by extending Fibonacci retracement from the lowest point before the flag pattern (before the sharp price increase) to the highest point of the pole. In this case, we're seeing a target in the range of $18-$25, suggesting a larger potential price increase over a longer period.
However, it's important to remember that technical analysis is just a tool to inform trading decisions, and it doesn't guarantee future price movements. Always do your research and manage your risk wisely when trading cryptocurrencies.
UMA analaysisUma is currently in the premium zone and requires a correction to ensure healthy growth.
UMAUSDTIn my opinion, the broken trend and retesting is very suitable for long-term buying. And it can grow up to 23 dollars
UMAUSDT(UMA) Daily tf Range Updated till 10-03-24UMAUSDT(UMA) Daily timeframe range. 4.009 holding strong here for now. if it can hold it a retrace back to 6.104 is very much possible. there were some fakeout at 4.009 but it bought back by buyers.
UMASince the sell-side has already been taken, the price is now poised for an upward movement. I have taken a long position.
UMA NEW INCREASE VOLUME ENTERINGThank you for reading this trend update.
UMA: USDT showing a new volume trend what can bring this coin in the next time frames into confirmation of the trend?
We will follow the coin to see if it's able to confirm.
UMA bullish outlook.UMA is currently trading in bullish trend while trading above 50 period SMA with no divergence at daily time frame, one can trade long entering at price 4.408 managing SL at 3.452 and TP at 5.969.
UMA/USDT I BUY SETUP✔︎📈 BINANCE:UMAUSDT SIGNAL
✔︎ENTRY : 4.166
🏓TARGETS :
✔︎ T1 : 4.516
✔︎ T2 : 5.40
✔︎ T3 : 5.623
✔︎ Long term T4
✘ STOP : 3.817
🚦Stop Trigger:
• If you make capital management: Stop is activated when one candle opening and closing
below the stop level of the same time frame of the signal.
• If you don't make capital management: Stop is direct without waiting for the candle to close.
💡Risk management :
• Enter the trade with 10% to 20% of your capital to reduce risk and save cash to enter other opportunities.
• Sell (25% to 50%) on (T1) and don't move your stop-loss.
• Sell 50% on (T2) and move your stop loss to the entry point.
• You are safe now, and the next 25% is up to you.
💡Reason for this trade:
BINANCE:UMAUSDT gives my trading system a sign of strength:
• My trading system is based on liquidity and reversal zones.
• When the liquidity is swept from one side under certain conditions, we will wait for the price on the other side.
The liquidity will attract the price like a magnet.
• the first side that has been swept:
1- previous weekly low
2- Value Area Deviation
• Opposite side targets:
1- valu area high
2- liquidity void
3- range high
💡Entry setup
1- reclaim POC
⚠️WARNING:
• I'm not a financial advisor.
• Do your own research (DYOR).
UMA gearing up for $7 Dollars.UMA is gearing up for a $7 rally soon. The breakout has already taken place, and soon we will possibly see UMA with a 70%-100% gain. This trade setup is both for spot and futures, so make sure you do your own research before investing.
Entry: $3.78 to CMP.
Stop loss: $3.619.
Targets: $4.85, $5.44, $6.08, $7.12.
Regards,
Team Dexter.
Altcoin Alert: UMA Potential Breakout Overview:
The recent surge in Bitcoin could soon translate into buying pressure for altcoins. Let's focus on NSE:UMA using the 1D chart.
Bull Flag Formation:
UMA is currently forming a clear bull flag pattern, indicating a potential breakout. If it materializes, we could witness an explosive 186% move. Although it might seem far-fetched, such occurrences are not uncommon in the crypto space.
Market Cap and Ranking:
UMA boasts a modest market cap of $492M and holds the 190th rank among all coins. Given its market cap, it has the potential to swiftly climb the rankings with a breakout.
Indicator Insight:
Keep an eye on the "Squeeze Momentum TD" indicator on the chart. This free tool helps identify bullish or bearish momentum. Currently, the indicator is transitioning from light red to dark red, suggesting that bearish momentum might be losing steam. For confirmation, we'd ideally want to see a breakout accompanied by dark or light green on the indicator.
Trade Strategy:
While there's no trigger yet, it's crucial to monitor the price closely for any breakout signals. Once a breakout occurs with confirmation from the indicator, it could present a lucrative long trade opportunity.
Stay tuned for updates as the situation develops!
UMA Sounds Promising for the coming monthsUMA is about to break its historic descending channel and is ranging in the flip zone for the past month,
Just in case i purchased 1000$ in the demand zone and waiting for the upcoming alt season
Good project, made correction, most of capital belongs to holders and fellows... I'm aiming really high on this one
UMABy breaking the resistance structure, Uma tricks long traders into long just to liquidate their positions, only to move downwards. Therefore, I am capitalizing on this trend by shorting.
UMA - fasten your seatbeltsFasten your seatbelts. UMA can really do this at we see each other at 10$ soon. FIB resistance is at 11$ - maybe we will visit that. UMA can make even 100$ this year. It can be another SOLANA. Project is developed from 2014 and now its usability is really good.
UMA Hidden GemA simple Trend Based Fib Extension shows the possibliy of a surge to the upper $6 to $6.77 range soon. Fingers crossed!
UMA ANALYSIS💥💥#UMA Analysis 🚀🚀
🔮 Falling wedge Breakout has already Done in #UMA in 8H timeframe.✅
Now,ready for good bullish wave, maximum chance to gain is 40% profit in coming days.... 💸💸
👀Current Price: $4.218
🚀 Target Price: $5.743
⚡️What to do ?
👀Keep an eye on #UMA price action and volume. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️
#UMA #Cryptocurrency #TechnicalAnalysis #DYOR
UMA Long Opportunity UMA Long Opportunity
Breakout of trendline
Breakout of residence
Breakout of Volume
Breakout of MA
See you on the 🌙
UMAUSDTmy entry on this trade idea is taken from a point of interest below an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. just a trade idea, not financial advise
