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UMA / TetherUS PERPETUAL CONTRACT

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UMAUSDT.P trade ideas

UMA bull flag turned into a triangleAt 1h and 4h timeframe the bull flag has turned into a triangle while at daily timeframe it's still a bull flag. I personally would prefer it would work as a daily bull flag because the potential target would be sooo good but meanwhile I wanna stay realistic and watch at the more possible gain: the triangle! Target is shown on the chart. Notice I've drawn the base of the triangle based on the volumes so it's either the first yellow dashed line (more possible) or the second (I hope not). The red dashed line is the point where many people entered the trade since the bull flag/triangle was forming. Off course everything going bad in the market is BTC's faults
Long
by Shotokhan
4
Bull flag is still thereI've tried to do a video idea but I don't know why I couldn't upload it. Anyway I wanted to explain why I was bullish on this last night. I'm the first victim of my last night idea because I've entered between 33 and 34USDT but it was a false breakout, moreover on my defence it was difficult to foresee that BTC would start behaving like it did last night (UTC +1). Up to last BTC pump alts followed it, last night instead it behaved like it used to do in a certain period between 2017 and 2018 draining money from alts. As a matter of facts most of the alts I'm following are at loss this morning. Bummer! Anyway, as you can see the bull flag strucure is still there and in this second part the chart hast tested more than once the upper level of the flag. My idea is that if volume spike up and BTC stops draining money from alts we should be able to get out of this. My advice is: do not panic sell! I've been there multiple time, I still struggle to control my emotions but trust me when I say that panic buys and sells rarely take to profits. In a bull season you do not have to sell unless, for some reason, only the coin you're into is plummeting while all others pump. In that case there isn't a general drop and then you've to save your profit. But in this case a lot of coins, among which the most famous, dropped which means the dump was generalized. So, do not lose money, do not panic sell. Summary: as soon as BTC go quiet and UMA volume goes up we should recover our loss and even make profit.
Long
by Shotokhan
7
UMA (DeFi) Protocol Outlook Ahead❇️UMA Fundamentals; UMA Protocol is a Decentralized Finance (DeFi) Protocol on Ethereum for any two counterparties to create their own financial contracts and synthetic assets. The protocol uses a model known as Total Return Swap, which is a bilateral contract where one counterparty pays the total return of a specific underlying asset, including interest payments or dividends and any capital appreciation or depreciation. Conversely, the opposing counterparty pays a regular fixed cash flow. The underlying asset is commonly called a reference asset, and the swap is settled and terminated at a specific date in the future. The UMA token is primarily used for protocol governance and grants the token holder the right to vote on governance decisions such as upgrades to the Data Verification Mechanism (DVM), creating new synthetic assets and settling disputes on liquidated collateral. UMA is designed to power the financial innovations made possible by permissionless, public blockchains, like Ethereum . Using concepts borrowed from fiat financial derivatives, UMA defines an open-source protocol that allows any two counterparties to design and create their own financial contracts. But unlike traditional derivatives, UMA contracts are secured with economic incentives alone, making them self-enforcing and universally accessible. ☑️The latest losses in the UMA market has also followed its association with SushiSwap, a fork of Ethereum-based decentralized exchange (DEX) Uniswap. Ahead of its rally, the founder of SushiSwap had asked users to swap Ethereum for UMA at UniSwap. He further asked the so-called yield hunters to earn SUSHI tokens by transferring UMA from UniSwap’s liquidity pool to its own. Nevertheless, after the founder exited the SUSHI market following a strong price rally, traders started assuming SushSwap as an exit-scam. The anonymous creator returned later with a name and refuted the allegations. He returned the $14 million worth of ETH that he had secured from the Sushiswap reserves. The price of SUSHI soared by more than 25 percent after that. But UMA had suffered damage until then. It is now likely for the token to recover its recent losses now that the dust of Sushiswap is behind. And if it doesn’t recover, then $10 appears like a first target that may excite bulls into purchasing UMA. ------------------------------------------------------------------------------------ ❇️Technical Outlook Ahead If bears remain persistent, then UMA/USDT may likely continue their downtrend inside the Descending Channel while targeting certain levels on its way south. That brings $8.38 as the next potential downside target, also because of its brief history of guarding one bias against the other. If the price moves below it, then traders could extend their bearish target towards $6.38. In the meantime, UMA/USDT would keep testing the lower trendline of the Descending Channel as its support. If the pair bounces back, it would do so towards the upper trendline of the Channel, followed by a repeated breakout attempt above the $20 range. As it happens, the market would need to claim the 61.8% level of its bigger Fibonacci Graph to establish a bullish reversal ------------------------------------------------------------------------------------- 👉This analysis is my personal opinion and you are responsible for your own trades or invests. ❤️with Best Regards and successful trades.
by PRO_SMART_Trader
UMAUSDT is trying to have a breakout🦐$UMA.X is trying to have a breakout from a bullflag. IF the price will have a breakout upward and flip the current 4h resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
14
Crypto|UMA/USDT|LongLong UMA/USDT Activation of the transaction only when the blue zone is fixed/broken. The idea is to work out the resistance level . * Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author. + Maybe right now we will go even lower, then it's okay, the idea is not activated and simply canceled. The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %. Blue zones - activation zones. Green zones - take zones. The red zone - stop zone. Working out the stop when the price returns to the level after activation + fixing in the red zone. Orange arrow - the direction of take. Blue arrow - neutral scenario without activating the trade. The red arrow - the direction of the stop. SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take. P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
Long
by Henry_Ross
6
UMAUSDT (Waiting for the resistance zone breakout)UMAUSDT (Day CHART) Technical Analysis Update Waiting for the resistance zone breakout UMA/USDT currently trading at $12.36 Buy-level: Above $13.40 (Only if 4 h candle close above resistance zone at $13.40) Stop loss: I will update once I see the breakout Resistance level 1 (Target 1): 16.25 Resistance level 2 (Target 2): $19.84 Max Leverage: 2X ALWAYS KEEP STOP LOSS... Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and comment your thoughts.
Long
by GreenCryptoTrades
6
💡 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 ❤️
Long
by ForecastCity_World
12
💡 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 ❤️
Long
by ForecastCity
16
UMAUSDT D1: 85% gains BEST level TO BUY/HOLD(SL/TP)(NEW)UMAUSDT D1: 85% gains BEST level TO BUY/HOLD(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. previously recommended buying low. 🔸 Summary and potential trade setup ::: UMAUSDT daily chart review ::: accumulation in progress now ::: setup still valid ::: focus on BUY/HOLD near ::: range lows later ::: updated/revised outlook ::: focus on buying pullback/dips ::: 100%+ gains still possible ::: currently trading mid range ::: BUY/HOLD setup TP +100% ::: previously recommended buying low ::: up to 100% gains possible later ::: SPECULATIVE SETUP ::: do your own due dill ::: and use proper risk management ::: TP bulls is +100% gains ::: details: see chart ::: SWING TRADE: BUY/HOLD IT ::: bull run not over yet ::: good luck traders! ::: BUY/HOLD and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BULLS ::: Sentiment short-term: PULLBACK
Long
by ProjectSyndicate
8