UMAUSDT.P trade ideas
Is UMAUSDT About to Break Out? Here’s What You Need to Know!Yello, Paradisers! 🌟 Are we on the brink of a major bullish move with UMAUSDT, or is the market setting up for a fakeout?
💎UMAUSDT has recently taken buyer liquidity and formed a classic cup and handle pattern, which typically increases the probability for a bullish move. However, the key to confirming this bullish outlook lies in the price action. We need to see a breakout and candle close above the resistance zone, a level that has been tested multiple times before. If the price manages to break through this zone, then we can expect a bullish move.
💎On the flip side, if there’s a pullback, we might see a bounce from the bullish order block (OB). However, caution is warranted here; given that the short term trend is showing bearish tendencies, it’s wiser to focus on scalp trades with smaller targets in this scenario.
💎But remember, if the price breaks down and closes below the bullish OB, it will invalidate our entire analysis. In that case, it’s crucial to reassess the market conditions before making any moves.
Consistency and patience are key. Stay disciplined, Paradisers, and remember: smart trading is the only way to make it long-term in this market.
MyCryptoParadise
iFeel the success🌴
202403 - UMA 3D chart > breakout > PumpLONG breakout resistance zone, time to fly now.
Expect target 20-30-50%
UMA - Breakout and restest Swing TradeHey Guys,
UMA has just come to retest its support, you can see that support was earlier a resistance but now the Buyers have dominated it. So We can see upward movement in coming days..!!
See chart for more understanding...!!
Disclaimer: I am not financial Advisor; this is my opinion I am some guy on the Internet...!! Crypto market is highly volatile, do your own research and jump into the trade.
uma price preditionThe chart shows the price of UMA/USDT on the Binance exchange over the past two hours. The price is currently 5.21 USDT, down 1.27% from the previous day.
The chart shows a few technical indicators, including the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD). The RSI is currently below 30, which is considered oversold territory. This could indicate that the price is due for a correction. The MACD is also bearish, which suggests that downward momentum is currently stronger than upward momentum.
Overall, the technical indicators suggest that the price of UMA/USDT is likely to continue to decline in the short term. However, it is important to remember that technical analysis is not always accurate, and other factors, such as news events or changes in market sentiment, could also affect the price.
UMA (UMA): AI coin is underpriced by the market – Time to buy?The start of 2023, the broader crypto market is bullish and its positive sentiment at the current bullish momentum could see UMA prices bounce higher.
Can the UMA token price regain momentum and test new highs this year? Let's perform an analysis of the price of the UMA coin, but first like, share and comment.
The UMA/USDT price is trading on the 4H chart inside a bullish channel (green lines) and close to the resistance just above it at § 2,173 (purple line), which once broken, projects a rise in the UMA prices up to the next resistance at the $3,045 range (purple line), with some correction in UMA prices on the way to gain momentum before breaking through the resistances above. On the other hand, if UMA prices miss the lower line of the bullish channel (green lines) it should test the support at $1,648 (purple line).
The technical indicator of blue line and yellow line moving averages are supporting the UMA price action in favor of the direction of the uptrend in the very short term. Please read the warning below before making any decision.
ALERT: As this analysis is public and market knowledge, it is easy for the market and the big manipulators to play against this analysis, if it is not convenient for the market, so that it can be misconfigured and invalidated, therefore the analysis price is always constantly updated, and can change in a matter of minutes, depending on which way the market manipulates the price.
💡Don't miss the great buy opportunity in UMAUSD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (12.006).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. UMAUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 65
Take Profits:
TP1= @ 14.392
TP2= @ 15.323
TP3= @ 17.035
TP4= @ 18.598
TP5= @ 20.943
SL= Break below S2
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UMAUSDT analysis in 4H time frame UMA in 4h time frame gets rejected by the both above and below trend line, forming a symmetrical triangle. Breakout on the either side of the pattern can give a Good move.
💡 Don't miss the great buy opportunity in UMAUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (10.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. UMAUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 72.
Take Profits:
TP1= @ 13.08
TP2= @ 14.80
TP3= @ 17.00
TP4= @ 20.28
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
