UMA - A decentralised Oracle

On the above 8-day chart price action has corrected 95% since the sell signal back in February 2021. A number of reasons now exist to be long, including:

1) You know why..

2) Price action and RSI resistance breakouts.

3) Strong bullish divergence between price action and the oscillators. Eight of them as measured over a 160 day period.

4) A double bottom on past support, excellent.

Is it possible price action continues to correct? Sure.
Is it probable? No

Ww

Type: Trade
Risk: 6%
Timeframe: A week or so, don’t wait for lower lows.
Return: Couldn’t say

Dagangan aktif

support confirmed

Nota

excellent moment

Dagangan aktif

Resistance has failed. That's a good thing.

Nota

Past resistance confirmed as support.

Dagangan aktif

Alt-season begins...

without_worries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

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

Juga pada:

Penerbitan berkaitan

UMA / BTC - Bullish divergence

oleh without_worries

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.

without_worries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

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