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UMA / TetherUS PERPETUAL CONTRACT

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UMAUSDT.P trade ideas

UMA getting rejected on a resistanceThis is the bigger picture for UMA which honestly has been digging and digging until making a all time low pissing me off royally. However, as you can see, it's inside a huge descending wedge which should pump once will broke out. The question is: when? UMA disappointed me a lot and its price performances proved not to keep up with its fundamentals which instead are very solid. I think BTC is getting rejected as well on a resistance right now meaning that the good pump UMA has had today might easily fade off taking the price down again. If we go again below 5 USDT it'll be worth accumulating a bit just in case of such pumps, same reasoning if instead price turn current resistance into a support. Please keep in mind that right now I consider UMA a dangerous investment which can brings back high return quickly should it repeats its previous price action (February 2021), so if you buy it be aware things can go bad. Good luck
by Shotokhan
10
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
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