UMA - A decentralised Oracle

On the above 8-day chart price action has corrected 95% since the sell signal back in February 2021. A number of reasons now exist to be long, including:

1) You know why..

2) Price action and RSI resistance breakouts.

3) Strong bullish divergence between price action and the oscillators. Eight of them as measured over a 160 day period.

4) A double bottom on past support, excellent.

Is it possible price action continues to correct? Sure.
Is it probable? No

Ww

Type: Trade
Risk: 6%
Timeframe: A week or so, don’t wait for lower lows.
Return: Couldn’t say

Trade active:

support confirmed

Comment:

excellent moment

Trade active

Trade active:

Resistance has failed. That's a good thing.

Comment:

Past resistance confirmed as support.

Trade active:

Alt-season begins...