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Weekly forecast UMA technical chart
Symbol UMAUSD
Trade Setup

#UMAUSDT
Total Profit: 26024 pip (307%)
Closed trade(s): 9176 pip Profit (109%)
Open trade(s): 16848 pip Profit (198%)

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

Closed Profit:
TP1 @ 10.000 touched at 2021.08.05 with 1492 pip Profit (18%).
TP2 @ 11.450 touched at 2021.08.09 with 2942 pip Profit (35%).
TP3 @ 13.250 touched at 2021.08.17 with 4742 pip Profit (56%).
1492 (18%) + 2942 (35%) + 4742 (56%) = 9176 pip (109%)

Open Profit:
Profit for one trade is 11.316(current price) - 8.508(open price) = 2808 pip (33%)
6 trade(s) still open, therefore total profit for open trade(s) is 2808 (33%) x 6 = 16848 pip (198%)

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.
DateSeptember 19, 2021 - 07:47
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 6.950, beginning of uptrend is expected.
  • We make sure when the resistance at 15.340 breaks.
  • If the support at 6.950 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 14.870 on 09/06/2021, so more losses to support(s) 10.000, 7.500 and minimum to Major Support (6.950) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 46.

Take Profits:

  1. 10.000
  2. 11.450
  3. 13.250
  4. 17.300
  5. 20.050
  6. 27.550
  7. 32.700
  8. 43.950
Click on the level to view price action history.
Symbol Released Current Forecast
UMA (UMAUSD) new Tue, 16 Apr 2024
UMA (UMAUSD) Sat, 6 Apr 2024
UMA (UMAUSD) Fri, 22 Mar 2024
UMA (UMAUSD) Mon, 18 Mar 2024
UMA (UMAUSD) Sun, 10 Mar 2024
History
Daily-Trading-Opportunities on UMAUSD.