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Weekly forecast UMA technical chart
Symbol UMAUSD

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Trade Setup

#UMAUSDT
Total Profit: 2187 pip (27%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): 2187 pip Profit (27%)

Trade Setup:
We opened 9 BUY trade(s) @ 8.508 based on 'Valley' entry method at 2021.07.23.

Open Profit:
Profit for one trade is 8.751(current price) - 8.508(open price) = 243 pip (3%)
9 trade(s) still open, therefore total profit for open trade(s) is 243 (3%) x 9 = 2187 pip (27%)

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateJuly 31, 2021 - 14:05
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 5.880, beginning of uptrend is expected.
  • We make sure when the resistance at 11.465 breaks.
  • If the support at 5.880 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 7.55 on 2021-06-26 and the trough at 7.275 on 2021-07-20, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 7.50 on 07/20/2021, so more gains to resistance(s) 9.98 and maximum to Major Resistance (11.47) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 48.

Take Profits:

  1. 9.98
  2. 11.47
  3. 13.27
  4. 17.29
  5. 20.06
  6. 27.56
  7. 32.68
  8. 43.95
Click on the level to view price action history.

Symbol Released Current Forecast
UMA (UMAUSD) new Mon, 18 Mar 2024
UMA (UMAUSD) Sun, 10 Mar 2024
UMA (UMAUSD) Mon, 4 Mar 2024
UMA (UMAUSD) Sun, 25 Feb 2024
UMA (UMAUSD) Tue, 20 Feb 2024