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UMA / TetherUS

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UMAUSDT trade ideas

UMA broke out againThis is not really TA but kinda a notification. I've done TA on UMA already and it didn't change much since the last time. The project is good, very good, they just lack marketing which means they lack volume. Statistically speaking UMA's breakouts success ratio is 1:3 so this could be the one but I'm cautious and I don't wanna say "this is gonna moon" just because I'm in. The first resistance zone is between 27.1 and 28.3, if we pierce this zone my former TA will take place. For the moment, if you're interested you might wanna enter 30% if we close the 4h candle (in 1h30) with the body longer than the wicks and the second candlestick open at a price close to the top of the old one, or better, over that one. If the next candle opens a lot below the close of the current one don't enter. Stop loss: 24.3
by Shotokhan
UMAUSDT Projection!Here is my new system for my followers. I often get asked directly where to enter and where to exit. From today my charts will be displayed as above. As with all trading, probability plays a huge factor and other variables further decide where the price will go. I never truly know! This system looks for price overlap or equilibrium, the yellow boxes. Mixed with a quick RSI and a MACD with standard settings displayed as bars: green for up, purple for down, and gray for undecided, plus price inside channel above the 21 and 50 EMA. I hope this will help you swing trade and gain some profit. Good luck!
Long
by Avery_Upton
WHAT IF this is a cup&handle?Up until recently UMA was in a never ending descending wedge, at least until 7th March when it broke out. Subsequently it went down following the market but now I've just noticed that what has formed between the last peak into the wedge and the peak of the broke out it's a cup and the handle is currently being "finished". Statistically handles start going up after retracing around 20% (like this one, you can see it on my chart), afterward they reach the cup border again and from there the real pump begins. Also, using Fib retracement I noticed that we're close to 0.618 line, an important zone for reversals. If I'm right this is a perfect moment to enter, the target is on the chart. I'd add that I'm convinced that 45$ should be the minimum we should target for this token. This project is the best one for synthetic tokens (if you don't know check it out). If you have a lot of money and you don't need to do short trades I suggest you to hold this one as long term although the perfect entrace was before the huge pump which then retraced into the falling wedge. Stop loss: 20.57$
Long
by Shotokhan
2
We need more volumeSo, this can be a break out but if volume doesn't increase overnight (I'm in europe) we won't see any pump. The problem is always with UMA: amazing project but poor marketing. Volume profile shows the price is slightly over the price at which there were most buys, from here we should only go up. The problem with UMA is that, as I said, people doesn't understand how good is this project so as soon as they reach a little profit they're happy and sell. I think 45€ is the minimum target here. Try to share info about UMA because if it'll takes off it'll go pretty high! If price goes back into the wedge you can close the position
Long
by Shotokhan
5
How Profitable Is UMA's Recovery?After reaching the important support level between $18-$20, UMA started rebounding. Let’s see how much potential profit UMA could bring us if we bought in now! Backstory: UMA’s previous strong growth was mainly due to an announcement regarding the arrival of the uSTONKS synthetic token. uSTONKS tracks an index consisting of ten stocks that are most commented on r/wallstreetbets. Wallstreetbets is a Reddit that gained popularity after pumping certain stocks (such as GME and AMC), making hedge funds lose billions of dollars in a short squeeze. Recovery and Potential Profit When the hype regarding uSTONKS started to die down, UMA’s price began descending. The price eventually reached $17, or 60% lower than the all-time high. Since then, the token has consolidated for a while, and now it looks like it is trying to start a new uptrend. If UMA were to recover to its all-time high, it would mean a 110% increase in price, which would essentially more than double your funds if you were to invest now. A minor resistance on its way to a full recovery is the $24 price point. Breaking above $24 significantly would probably mean that UMA is attempting to reach its all-time high again. Uncorrelated: One excellent aspect about UMA is that it is not as influenced by Bitcoin as the rest of the market. For example, when Bitcoin was trending strongly in October and November 2020, UMA wasn’t moving much. The token made its most substantial moves when it had positive news. Disclaimer: We do not give trading recommendations; we only break down potential trades. Always do your own research before entering any position.
Long
by cryptohopper
3
UMAThis is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here personal message, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY! If u like the analysis, please feel free to ask any question about this TA or crypto or any coin and also leave a comment or like or share the idea, i really appreciate it because then my work makes sense :) thanks!
Long
by SvarogPerun
4
UMAUSDT (UMA) - POTENTIAL BUY ENTRY ANALYSIS 🔎 - UMAUSDT brokeout above the horizontal resistance level and hit an ATH - Price then retraced for a retest of the flip horizontal support and 0.618 fibonacci retracement level. - RSI is printing a bullish divergence signal (BDS 🔼). - The retracement is bounded in the falling wedge pattern. - A falling wedge pattern is a bullish reversal pattern. - A breakout above the falling wedge's resistance could be an uptrend continuation signal. - Price action is printing a double bottom pattern at the retest area. - A double bottom pattern is a bullish reversal pattern. - There's a breakout potential. BUY ENTRY ⬆️ - Breakout above the falling wedge's resistance. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - Fibonacci extension levels. SETUP INVALIDATION ❌ -Breakdown below the double bottom horizontal support level.
Long
by Chibuike_Odoh
2
Do you like money? Good because UMA is here for 600% PUMP!!!UMA is poised to make a massive leg up, causing up to 600% increase in price. I will be updating the chart as more price action happens, but at this point, I can see the following price targets: $60 $86 $112 $138 Margin trading not recommended. As UMA can retrace more. But I STRONGLY recommend you to start accumulating, placing your ladder buys from here onwards. Good luck gentlemen, may the gods of DEFI bless ya! ;)
Long
by XANABI_on_CHARTS
2