Hello friend ,,,
My Targets,,,
3.20 USDT (+19.74%)
7.67 USDT (+187.27%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on UMA - UMA/USDT as long as the price remains well above 2.40 USDT. The buyers' bullish objective is set at 3.20 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.67 USDT. If there is any crossing, the next objective would be the resistance located at 14.68 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
