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UMA/BTC potential breakout!

Panjang
UMA / Bitcoin (BINANCE:UMABTC)  
RekkTheBeras  
BINANCE:UMABTC   UMA / Bitcoin
Chart Patterns Trend Analysis Technical Indicators UMA umabtc LONG Bullish Patterns Falling Wedge
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chartpattern trendanalysis indicator uma umabtc long bullish fallingwedge
- 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!
Penafian

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