without_worries

UMA vs USD/BTC

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At the moment there are many oversold alt-coins presenting an excellent opportunity. However it is important to add not all alt-coins are showing those oversold conditions. In fact there are a number of alt-coins that remain overbought, so be careful.

On the above 1-day chart we have a 68% correction since mid-September and an oversold condition (orange column) from around mid-October. The same is true for the Bitcoin chart (below). More excitingly we have a month long bullish divergence on the Bitcoin chart.

1-day BTC chart with Bullish divergence (blue lines)


The weekly chart (below) recently printed a morning star reversal candlestick pattern with confirmation.


1st target $9
Dagangan aktif:
Target reached!

Still plenty of upside to come -
Komen:
Moving nicely now - becoming overbought on the daily - no action to take at the moment.

Komen:
becoming overbought on the daily


BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: www.patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR
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