UMA is sitting calmly at the bottom end of it’s price range. It is finding strong support on Upward TrendLine. We’re expecting a sharp 60% Pump against USDT and 30-50 % against Bitcoin.
Traders may buy at current price level with 30% Risk (stoploss) and 60% Reward (Take Profit)
Disclaimer: Not a legal or financial advice. Please invest your money with due diligence and at your own risk.
Description: Bitcoin dominance is heading towards it’s major resistance level i.e. 70% while RSI approaching to overbought Zone. Also, the dominance seems completed it’s elliotwaves (5 wave pattern).
Signal: In our opinion, This is very attractive entry point in Altcoins (specially which falls in top 100).
Investors should have 50% in Bitcoin and 50% in Altcoins in their portfolio.
YFI usdt dropped from $32000 which was it’s neckline of Inverse Head & Shoulder Patter.
SUPPORT LEVELS: Support levels are $22000 (Weak), $20,000 (Strong) and $17,000 (Very Strong)
RESISTANCE LEVELS: Resistance levels are $25,000 (Weak), $28,000 (Strong) and $32,000 (Very Strong)
Our Opinion: Should buy at current level with 50 % of your portfolio. If drops then add 25 % at $20,000 and remaining 25% at $17,000. Target should be around $40,000