Spotted something interesting on UMA's daily chart.
A textbook falling wedge pattern has been taking shape - and it's looking bullish. If we get a clean breakout confirmation above resistance, we could be looking at 65-70% upside from current levels.
Wedge patterns like this often signal trend reversals when volume picks up. Worth keeping on the watchlist.
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TokenTherapist
· 22h ago
Wait, is that 65-70% figure just made up? It feels a bit high.
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BearEatsAll
· 12-06 14:56
Here comes another technical analysis to fleece retail investors. Last time I listened to this kind of talk, I almost went bankrupt, haha.
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CrashHotline
· 12-06 14:51
I've heard plenty of stories about falling wedge breakouts—every time they say it's going to reverse and go up, but what happens... I still get rekt. So why is UMA supposed to be different this time?
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GasFeeWhisperer
· 12-06 14:49
Like stepping on your own foot while falling down the stairs—small market cap, hasn’t seen any real action.
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CryptoWageSlave
· 12-06 14:44
If this wedge really breaks out, we’re in for some real fun... But to be honest, whether this move can actually play out still depends on the trading volume.
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LiquidationKing
· 12-06 14:42
Falling wedge? Here we go again. Every time they say it's going to reverse, but we just end up trapped. I just want to see how much it can rise this time.
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CommunityLurker
· 12-06 14:35
The falling wedge pattern does look promising, but I'm just worried it might be another suppression, and in the end, it'll all fall apart.
Spotted something interesting on UMA's daily chart.
A textbook falling wedge pattern has been taking shape - and it's looking bullish. If we get a clean breakout confirmation above resistance, we could be looking at 65-70% upside from current levels.
Wedge patterns like this often signal trend reversals when volume picks up. Worth keeping on the watchlist.