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.