Get started

UMA / TetherUS

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

UMAUSDT trade ideas

UMA update: Consolidating in range, potential to break downUMA continues to consolidate in this range in very low volume. It could range like this for several days. NOTE: the overall altcoin market condition right now (Sunday, 2.14.21) is in CORRECTION. Very few alts are pumping today. We just had a major week of huge altcoin pumps, this correction is normal and expected, but there's no telling if it will continue to sell off into monday and onwards, of there will be a strong bounce back soon. Best course of action: follow your coins on your watchlist carefully, and look for good entry conditions. UMA right now looks good consolidating in a very low volume range. But the price swings can be huge. See that there is a potential 20%+ drop to lower support, so if you enter now, be prepared for 20% drops. It's possible to set buy bids in the 24.9 area which is the lowest support zone in this range. I would not enter UMA now unless you have a very long fundamental bullish opinion.
by EddieTradez
4
UMA LONG, pumping out of support into right side of baseUMA potentially entering a pump out of the support area, with a 40% runway to previous ATH. First profit target is previous high of 44.12. Potential profit taking targets of 20% on the way to 40%. Resistance expected at ATH. Potential add on if confident to add after breakout from ATH Crypto 2021 Strategy notes: I enter trades in 5 and 10% positions (of total trading portolio). If possible I look to add to succesful positions to a max of 25% total of portfolio. For this cryptocurrency 2021 bull market, my profit taking targets are around 40-50%, in quarters, thirds or sometimes halfs. I look for 80-100% gains for further profit taking. Depending on the coin and cycle of its pumps, I hold some of my position through 100-200-300% returns on the lucky ones, taking profits on the way up. ($LUNA, $ADA)
Long
by EddieTradez
4
UMA/USDT trend reversal ANALYSIS 🔎 - UMAUSDT was printing a falling wedge pattern. - This is a bullish reversal pattern. - Price brokeout above the falling wedge's resistance. - Price retraced and tested the 0.618 fibonacci retracement level. - Price action is currently printing an ascending triangle pattern. - This is a bullish build up pattern. - There's a breakout potential. BUY ENTRY ⬆️ - Aggressive (risky): current market price (now). - Conservative: breakout above the ascending triangle's horizontal resistance. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). SETUP INVALIDATION ❌ - Breakdown below the ascending triangle's inclined support.
Long
by yusufomerfx
UMAUSDT (UMA) - POTENTIAL BUY ENTRY ANALYSIS 🔎 - UMAUSDT was printing a falling wedge pattern. - This is a bullish reversal pattern. - Price brokeout above the falling wedge's resistance. - Price retraced and tested the 0.618 fibonacci retracement level. - Price action is currently printing an ascending triangle pattern. - This is a bullish build up pattern. - There's a breakout potential. BUY ENTRY ⬆️ - Aggressive (risky): current market price (now). - Conservative: breakout above the ascending triangle's horizontal resistance. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). SETUP INVALIDATION ❌ - Breakdown below the ascending triangle's inclined support.
Long
by Chibuike_Odoh
UMA bull flag turned into a triangleAt 1h and 4h timeframe the bull flag has turned into a triangle while at daily timeframe it's still a bull flag. I personally would prefer it would work as a daily bull flag because the potential target would be sooo good but meanwhile I wanna stay realistic and watch at the more possible gain: the triangle! Target is shown on the chart. Notice I've drawn the base of the triangle based on the volumes so it's either the first yellow dashed line (more possible) or the second (I hope not). The red dashed line is the point where many people entered the trade since the bull flag/triangle was forming. Off course everything going bad in the market is BTC's faults
Long
by Shotokhan
4