$UMA D1 quick bullish idea update.

• Market has been keen on trading above the VAL, even with the dip it made last 20th of February.

• VAL valued at $3.853 is serving as a strong support.

• Predicting a bullish ABCD pattern here, with D retracement peaking at a tap on the 127% extended Fib level.

• Market currently hovering just above bearish ninja thread. A sustain above it in the coming days could see a bullish psychology for UMA players.

• Market is still highly above EMA200, indicating macro is still in bullish territory.

• Oscillator impending median touch, could shift the trading bias soon.

Key break points to WOF:

• $4.229

• $5.171

• $6.009

• $6.968