UMAUSDT.P trade ideas
UMAUSDT Short Setup / Futures TradeBINANCE:UMAUSDT
COINBASE:UMAUSD
📈Which side you pick?
Bull or Bear
Low-risk status: 3x-4x Leverage
Mid-risk status: 5x-8x Leverage
(For beginners, I suggest low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone
⚡️TP:
3.66
3.53
3.41
3.29
3.13
🔴SL:
4.195
🧐The Alternate scenario:
If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
UMA USDT 300% potential UMA/USDT has a 300% potential upside if it sustains strong support levels and breaks significant resistance zones on the weekly timeframe. Growing adoption of the UMA protocol for decentralized financial contracts, coupled with bullish market sentiment, could drive such exponential growth.
UMA/USDT Based on Weekly Chart$UMA/USDT Based on Weekly Chart
NSE:UMA The chart showcases a Double Bottom formation near the Fibonacci support levels, which is a strong reversal signal.
The trendline support combined with Fibonacci retracement at the 0.618 level indicates solid buying interest and a potential bullish continuation.
The critical support lies at $2.50 - $3.00, which aligns with the trendline and Fibonacci 0.618 retracement level.
Resistance Levels (Targets):
T1: $4.810
T2: $6.529
T3: $7.915
UMA 300% bull flag ??On the above 5 day chart price action has corrected almost 80% over the summer months. Retail traders have capitulated. Now is a good moment to consider a long positions before they FOMO back in.. why?
1) Price action and RSI resistance breakouts.
2) Support on past resistance. Red circles.
3) The bull flag itself forecasts a 300% to $10
Is it possible price action corrects further? Sure.
Is it probable? No
Ww
Type: trade
Risk: you decide
Timeframe for long: 2-3 days
Return: 300%
UMAUSDT | Buy Now, Thank Later | Near Term (4HR)UMAUSDT | Buy Now, Thank Later | Near Term (4HR)
Its Ready to Go.
BTCUSDT | Alts Poised to Explode | Near Term (2H)
MYRIAUSDT | Interested to see where this goes | Mid Term (2D)
Mock Up Price Action for VRA w/ Timeline | Mid Term (3D)
Mock Up Price Action for XCH | Mid Term (12HR)
OGNUSDT | Interested to see where this goes | Mid Term (3D)
Mock Up Price Action for CSPRUSDT | Near/Mid Term (2D)
VIDTUSDT | Interested to see where this goes | Mid Term (3D)
RAREUSDT | Interested to see where this goes | Mid Term (3D)
Mock Up Price Action for ALGOUSDT | Mid Term (12HR)
UMAUSDT 5DUMA ~ 5D
#UMA If you still have Conviction on the coin,. buy in stages from here. with a minimum target of 20%. It is only a matter of time until this resistance line is broken
UMAUSDT | Interested to see where this goes | Mid Term (3D)UMAUSDT | Interested to see where this goes | Mid Term (3D)
Couldn't help but allocate some of my speculative alt funds at these levels
Providing list of top picks ideas below
BTCUSDT | Alts Poised to Explode | Near Term (2H)
MYRIAUSDT | Interested to see where this goes | Mid Term (2D)
Mock Up Price Action for VRA w/ Timeline | Mid Term (3D)
Mock Up Price Action for XCH | Mid Term (12HR)
OGNUSDT | Interested to see where this goes | Mid Term (3D)
Mock Up Price Action for CSPRUSDT | Near/Mid Term (2D)
VIDTUSDT | Interested to see where this goes | Mid Term (3D)
RAREUSDT | Interested to see where this goes | Mid Term (3D)
Mock Up Price Action for ALGOUSDT | Mid Term (12HR)
UMAUSDT 1,370% Just Below The All-Time High (Follow Me!)I see UMAUSDT growing more than 2,000%. I think the final target is around 3,000% or more. Here we are going with a conservative target, still focused on the long-term though.
How are you doing today?
Today is new All-Time High day for Bitcoin; as billions of dollars enters the market, the Altcoins are waking up from a multiple months long slumber. They've been consolidating, sideways, since August and looking good. It is still early on most of our favorite pairs.
We focus on the Altcoins because the potential for growth is higher. Growth potential is higher because these projects are newer and smaller and can expand more.
Everybody knows Bitcoin. Everybody holds Bitcoin. We love Bitcoin but Bitcoin is now whale zone. The whales trade Bitcoin with billions of dollars and the price is really high at $80K. These Altcoins are trading near their All-Time Lows and you can't go lower than the lowest; from the bottom we grow.
UMAUSDT is not trading at a true bottom but still relatively low. Low enough to spare us from any surprise down-moves; low enough to allow for massive growth.
I am buying and holding.
You should buy and hold.
The future is bright for Crypto.
The banks are scared and they shouldn't be. They should just welcome Crypto as the evolution of finance. Create a Crypto department and up go we go.
We are all flexible. We are young, we are old.
We can use cash, crypto, gold and fiat; the more the better.
There is no need to fight. There is enough for everyone... We are all one.
Love life.
Life is love.
Namaste.
UMA deserves more credit and hypeCurrent largest prediction market (Polymarket) is powered by UMA and nobody talks about this. To me this is crazy because without hype price doesn't reflect the importance of this project.
The support has been established, I think we only need a spotlight!
Weekly:
When/If people will realize how well UMA works this should gain traction and pump pretty well!
I have a bag of this.
Good luck
UMAUSDTNSE:UMA ~ 5D
#UMA If you still have Conviction on this coin, buy gradually on this support block. Minimum target 20%++
UMA ANALYSIS📊 #UMA Analysis
✅There is a formation of Descending Channel Pattern in daily timeframe.
We can see a breakdown of major trendline in #UMA and we would see a little more retest towards it's support zone and then a bullish movement could be seen
👀Current Price: $2.477
🚀 Target Price: $4.370
⚡️What to do ?
👀Keep an eye on #UMA price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#UMA #Cryptocurrency #Breakout #TechnicalAnalysis #DYOR
UMAUSDT LONG IDEAhi all, you see on chart UMAUSDT declining very sharply. but around 2.34 , it corresponds the 50 MA zone and 2.27 is 100 MA zone. on daily chart MA breakdown happened so i expect uma get some impulsive movement from 25-50-100 MA zone. so we can long set up,
entry : 2.33
stop : 2.19
target : with 50x leverage at least %300-%400 profit.
UMA | Reading Charts, Bearish Vs Bullish, The News, CPI & MoreUma is breaking up as Bitcoin is breaking down... But we have two very different charts.
I am going to mention one last time the difference between a high price and a low price; a bullish chart and a bearish chart and we will switch the focus again to individual pairs.
➖ UMAUSDT entered a major correction in January 2024 and in August, it hit as low as the same level at which it traded back in November 2023.
➖ In Comparison, BTCUSDT entered a correction in March 2024 and so far trades at the same level it traded back in March 2024.
While UMAUSDT likely hit bottom, BTCUSDT has plenty of room to move lower.
Since Bitcoin is bigger, it can take longer to move.
Not all pairs, not all projects, not all cryptos move the same day at the same time, nor in the exact same way. While some go down, others can go up. While some go sideways, others can go down. While some are in consolidation, others can move ahead and grow. While the entire market is bearish some go bullish. While the entire market is bullish some go bearish; there are always strong variations, and this is without counting the BTC, ETH, or other sides of the market.
For us to produce a high level of success, we need to focus on the actual chart we want to trade. If we are bullish, we need to catch a bottom, low prices, near support. If we are bearish, we need to catch a new All-Time High, high prices or resistance, that's how it works.
➖ UMAUSDT is moving up because it completed its correction. It went down for almost 8 months. It is likely to produce a mild bullish wave followed by a higher low and then additional growth. The mild wave correction can also lead to a lower low and then massive growth (2025 bull-market). The patterns can always vary but this is not important for our trades. For our trades, we just pick the winning ones and that's all that matters.
➢ If you are buying spot, it must be low prices and ready to grow.
➢ If you are going LONG, it must be bullish and ready to grow.
➢ If you are going SHORT, it must be bearish and ready to drop.
Making generalizations or trying to predict how everything is supposed to move based on assumptions is not the right way.
Here I will show you some bearish charts and some bullish charts, the market takes care of the rest.
If it works, great.
If if doesn't work, great.
It doesn't matter what the news or the CPI says.
➢ When prices are high with bearish signals, we are bearish.
➢ When prices are low with bullish signals, we are bullish.
Namaste.
#UMA/USDT - Long - Potential 28.88%Strategy: Long
• Exchange: BINANCE
• Account: Spot
• Entry mode: Market order in range
• Invest: 5%
•Exit:
• ⎿ Target 2 : 3.869 27.86%
• ⎿ Target 1 : 3.166 4.63%
•Entry: 3.026 ⌁ 3.026
• ⎿ Current market price: 3.026
•Stop: 2.497 (-17.48%)
•Technical indicators:
Big change of character occured by breaking the 2.829 resistance. Massive volume spike.
• ⎿ 24h Volume: 16283550.4626
• ⎿ Satoshis: 3.026
• ⎿ Analysis: TradingView
🤖 These are the processing results:
🔸ID: 1633387
🔸Trade: UMAUSDT 01/10/2024 12:05
🔸Account: SPOT
🔸Volume last 24h: 16283550.46 USDT
Buy Trade Idea for UMA (Universal Market Access) Description
UMA (Universal Market Access) is a decentralized financial contracts platform that enables users to create synthetic assets and decentralized financial products. Key fundamentals supporting a buy trade for UMA include:
- **Decentralized Financial Contracts:** UMA’s protocol allows anyone to create synthetic tokens that track the price of any real-world asset. This innovation unlocks global access to financial markets, making previously inaccessible assets tradable on the blockchain.
- **Strong Governance Mechanism:** UMA is governed by its token holders, who can vote on protocol upgrades and dispute resolutions, fostering a decentralized and community-driven environment.
- **Real-World Adoption:** UMA has been seeing increased integration within the decentralized finance (DeFi) ecosystem, with various projects leveraging its protocol for creating synthetic assets, enhancing its utility and adoption potential.
- **Scalability and Security:** The protocol is designed for security and scalability, enabling trustless financial contracts with minimal oracle usage, making it highly efficient and secure.
With these strong fundamentals, UMA presents an interesting opportunity for those looking to invest in the growing DeFi space.
Disclaimer
Trading and investing in cryptocurrencies involve significant risk and can result in substantial losses. The content provided here is for informational purposes only and should not be considered financial advice. Always conduct your own research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and the value of investments can fluctuate widely.
UMAUSDTWe can attempt to short UMAUSDT from specified level if it break HL , also bearish divergence occur indicate that it moves downward.
SL , TP mention in chart.
UMAUSDTUMA ~ 5D ✅
#UMA Make purchases gradually in this pattern. In our opinion, it is only a matter of time that this descending pattern is successfully broken.
UMA - Three D(r)ives Down PATTERNUMA is approaching an ideal buy-back zone whilst forming an important chart pattern - the Three Dives Down Pattern.
This pattern goes by many names including Three Drivers, Three Drives Down and Three Dives Down (which is the one I prefer to use). This pattern is bearish for the SHORT term, but bullish for the NEAR and LONGER term.
It's important to note that this analysis is from a macro timeframe, with the aim on identifying the key buy-back or re-accumulation zone. From the daily and lower timeframes, the price could easily increase by large amounts however, keep in mind we're looking for an accumulation zone not for swing trades in this post.
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BINANCE:UMAUSDT
UMAUSDT.1DAnalyzing the UMA/USDT chart on a daily timeframe provides insight into its recent performance and potential future trends. The chart reflects a volatile but generally bearish trend, highlighted by a significant spike followed by a consistent decline.
Key Observations:
Resistance and Support Levels: The chart illustrates three distinct resistance levels (R1 at around $4.629, R2 at $3.892, and R3 at $2.383) and a support level (S1 at $1.433). Currently, the price is hovering near S1, suggesting a critical juncture; if this support holds, it could prevent further declines.
MACD Indicator: The Moving Average Convergence Divergence (MACD) is nearly touching the baseline, indicating a potential change in momentum. While still in the negative, the decreasing distance between the MACD line and the signal line could hint at a reducing bearish momentum.
RSI Levels: The Relative Strength Index (RSI) is at 46, which is neither in the oversold nor overbought territory. This level suggests a relative balance between buyers and sellers, though it leans slightly toward bearish conditions given the trend.
Technical Analysis and Conclusion:
The chart's downward trajectory following the spike suggests that the market reacted negatively to a possible overvaluation, or it could be adjusting after a speculative rally. Given the current proximity to the support level at $1.433, this is a crucial area to watch. A break below this support could lead to further declines, potentially testing new lows. Conversely, if the price stabilizes or rebounds off this support, it might attempt to retest resistance levels, particularly R2 and R3 as potential targets for a bullish recovery.
Trading Strategy:
Given the current setup, I would adopt a cautious approach. If considering entry, one strategy would be to wait for a confirmed rebound from S1 to consider a long position with a target at R2 or R3, using a tight stop-loss just below S1 to minimize potential losses from a breakdown. Conversely, a break below S1 could be a signal for a short position, targeting further declines, though always considering the volatile nature of this asset.
Overall, UMA/USDT presents a challenging yet potentially rewarding setup, requiring close monitoring of these technical levels and broader market sentiment for more informed decision-making.
#UMA/USDT is trying to break the Diagonal Trendline in 4-Hour TF#UMA/USDT is trying to break the Diagonal Trendline in 4-Hour TF!
NSE:UMA needs to break the trendline to turn bullish. Wait for a successful retest to long #UMAUSDT. The local resistance level is PWH $2.19, and the support level is PML $1.699.
UMAUSDTHM Triangle BO v1.0 spotted. Looking good with previous wave up with increasing volume and momentum.
- BOS (Breaks of Structure) at @ 1.993-1.932 level
- Trending slow and steady if able to hold above the BOS level
It is at extremely good reward to risk level.
