Detailed analysis of the UMA/USDT chart based on time frames, price and fractals:
Current market situation
Current price: $2,572.
General trend: The pair is moving within a sideways range on the daily time frame, but there are signs of an uptrend starting to form.
Buy and sell signals: The chart clearly shows repeated buy signals at the bottom levels, which reinforces the hypothesis that the price has entered a consolidation phase in preparation for a possible rise.
Technical analysis based on time cycles
Recurring cycles: The chart shows a pattern of recurring oscillations between each wave of uptrend and downtrend, with an approximate time frame between every two major bottoms. The analysis suggests that the current cycle has completed its bottom at $2.49, which means that the price is poised to rise.
Future Cycles: Looking at the overall market structure, the current bullish cycle extends to the $3.60 level as the first target.
Price analysis and fractals
Fractals: The chart clearly shows overlapping fractal formations at the bottom levels, confirming that the price is moving in a clear ascending channel. The last fractal at $2.49 strongly supports the upward move.
Resistances and supports:
Main Support: $2.49 (strong level).
Next resistance: $2.85 (price needs to break it to start the upward wave towards the target).
Strong Resistance: $3.60 (initial target).
Entry and exit strategy
Ideal Entry: Entry at current prices or any slight correction towards $2.50.
Price targets:
1. First target: $3.60 (about 40% upside from current prices).
2. Second target: $4.00 (if the first resistance is broken).
Stop Loss: $2.40.
Recommendations
For those who have already seized the opportunity: Keep open positions, because the rise is still strongly likely.
For those who missed out: Entry is still available, and the price offers an ideal entry point to buy now.
Predictions based on scientific tools
Analysis using time frames and fractals shows that the upcoming rise will be strong, especially with the possibility of increasing buying momentum at the first resistance levels. This analysis is based on accurate scientific indicators that are in line with the current price action.
> "Don't miss the opportunity, the market still offers a golden opportunity to make profitable profits!"
