- textbook falling wedge, watch for breakout but wait for at least daily close above it. UMA likes to fakeout.
- higher low/double bottom
- weekly StochRSI crossing up
- more frequent tests of upper trendline with good volume
- if UMA breaks out of the falling wedge, it can move quickly
- current market cap $580m, a lot up upside potential
Targets:
T1: 0.00037 BTC
T2: 0.0006 BTC
T3: 0.0011 BTC
Breaking the lower trendline invalidates the trade.
Good luck!
- higher low/double bottom
- weekly StochRSI crossing up
- more frequent tests of upper trendline with good volume
- if UMA breaks out of the falling wedge, it can move quickly
- current market cap $580m, a lot up upside potential
Targets:
T1: 0.00037 BTC
T2: 0.0006 BTC
T3: 0.0011 BTC
Breaking the lower trendline invalidates the trade.
Good luck!