Professional analysis of UMA/TetherUS based on the two charts:
H4 chart analysis:
1. Price pattern: The chart shows regular price fluctuations within a specific range, where repeated buy and sell signals indicate a sideways trend with a slight upward tendency.
2. Technical analysis:
Moving Averages: The plotted averages support the sideways trend with the short and long moving lines converging indicating a narrowing price gap.
Momentum: A slight rise in the last two candles indicates a possible breakout phase.
Daily chart analysis (1D):
1. Price Pattern: On the daily term, UMA is showing a Higher Lows & Higher Highs pattern, which reinforces the medium-term bullish trend.
2. Technical analysis:
Buy and Sell Signals: Repeated buy signals near support and the appearance of sell signals at resistance areas reflects active trading in the current range.
Support and resistance:
Main Support: $2.49
Major Resistance: $2.87
Expected Price Breakout: Based on the narrowing gap between support and resistance signals, the currency is preparing for a price breakout that could push it towards $3.00.
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Recommendation and analysis based on time frame and fractals:
As we mentioned in our previous articles, time and price cycles indicate an impending price explosion. Fractals confirm this through repetitive patterns of price action on both the H4 and 1D timeframes. Therefore, we advise investors to:
Invest according to risk tolerance, knowing that an expected explosion could lead to huge profits.
Follow the analysis on a daily basis and be ready to exploit any price breakout.
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Overview of the UMA project and its objectives:
1. What is UMA? UMA stands for Universal Market Access, a platform that aims to enable open access to financial markets through the use of smart contracts built on the Ethereum network.
2. Projects and objectives:
Enable the creation of synthetic assets that mirror the value of any real asset (such as stocks, currencies, or even indices).
Facilitating safe and transparent trading of financial assets without the need for traditional intermediaries.
Support decentralized systems to improve efficiency and reduce cost.
3. Partnerships and projects:
UMA works with a large number of decentralized (DeFi) platforms to provide flexible solutions.
Its collaborations with companies like Synthetix and Aave strengthen its position in the DeFi market.
Conclusion:
UMA coin shows strong signs of a potential price increase in the coming period based on technical analysis and time cycles. The project itself represents an investment opportunity thanks to its innovative goals and strong partnerships. If you are an investor looking for an opportunity to achieve exceptional returns, do not hesitate to study this project and make the right decision based on your investment capacity.
