UA Multimedia Inc (UAMM)

[miltonjayro]

$UAMM .0039 closed High of day Literally following Bullish #crypto $BTC #Bitcoin

See all charts on here!

$UAMM .0039 closed High of day Literally following Bullish #crypto $BTC #Bitcoin

Bullish Signals on
Daily Chart: Golden Cross and Elliot Wave 4 to 5
Weekly Chart: Bullish Wedge Break and Cup Handle
Monthly: Bull flag and Wedge Breakout
Potential long based on month .15-1.00 pic.twitter.com/0eqxNVDzxt

— Radio Silent (@RadioSilentplay) February 4, 2020

Based on Charts this shows an ELLIOT WAVE THEORY WAVE 4 to 5 : this means that wave 4 to 5 is the longest move

Previous Rally .0012-.0119

Therefore .0119 will break likely retest .0245 previous last year high

What Is Elliott Wave Theory?
The Elliott Wave Theory was developed by Ralph Nelson Elliott to describe price movements in financial markets, in which he observed and identified recurring, fractal wave patterns. Waves can be identified in stock price movements and in consumer behavior. Investors trying to profit from a market trend could be described as "riding a wave." A large, strong movement by homeowners to replace their existing mortgages with new ones that have better terms is called a refinancing wave.

Reference: https://www.investopedia.com/terms/e/elliottwavetheory.asp

Bullish Signals on

Daily Chart: Golden Cross and Elliot Wave 4 to 5

Weekly Chart: Bullish Wedge Break and Cup Handle

Monthly: Bull flag and Wedge Breakout

Bullish flag formations are found in stocks with strong uptrends. They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation. The flag can be a horizontal rectangle, but is also often angled down away from the prevailing trend. Another variant is called a bullish pennant, in which the consolidation takes the form of a symmetrical triangle. The shape of the flag is not as important as the underlying psychology behind the pattern. Basically, despite a strong vertical rally, the stock refuses to drop appreciably, as bulls snap up any shares they can get. The breakout from a flag often results in a powerful move higher, measuring the length of the prior flag pole. It is important to note that these patterns work the same in reverse and are known as bear flags and pennants. Bull flags have been rare over the last few months of 2008, but they have been beginning to surface in conjunction with the recent market rally.

https://www.investopedia.com/stock-analysis/cotd/answ20090105.aspx

OVERALL TARGET POTENTIAL MONTHLY CHART SHOWING .15- 1.00


Potential long based on month .15-1.00