UMA has undergone one of the longest consolidation phase ever, moving sideways since May 2022.
The bulls have been exposed by the charts:
When Tether Dominance (USDT.D) goes bearish, money flows from stablecoins to Crypto (Bitcoin + Altcoins).
MA200 denotes the long-term potential for this and other pairs.
Trading above this level, fully confirmed, signals that we can experience long-term growth, higher highs and higher, higher, higher for years to come.
Namaste.
The bulls have been exposed by the charts:
- UMAUSDT is trading above its June 2022 low (A major bullish development).
- UMAUSDT is trading daily above MA200 after a high volume breakout.
- Bullish accumulation has been happening for years.
- Recent bottom hit followed by strong bullish action.
- Bitcoin and other major Altcoins all strongly bullish.
- Tether Dominance bearish.
When Tether Dominance (USDT.D) goes bearish, money flows from stablecoins to Crypto (Bitcoin + Altcoins).
MA200 denotes the long-term potential for this and other pairs.
Trading above this level, fully confirmed, signals that we can experience long-term growth, higher highs and higher, higher, higher for years to come.
Namaste.
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lamatrades.com (Since 2017)