Hey 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...
The 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...
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...
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...
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.
Trading 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.
....
