TICKER CODE: MANAUSD
Company Name: NA
Industry: Crypto Currency / Blockchain
Technical Analysis
1. Large Ascending Triangle Forming
2. Fibonacci Retracement at 0.786 (Silver Zone)
3. Completion of Ascending Triangle may potentially fill up the large candlewick
4. Fibonacci Expansion 1st Take Profit Level 1 (Grey Zone) is also at Ascending Triangle Take Profit Range
Entry: Now Ready (1.40-1.50 range)
The market may fall back to 1.40ish before the up.
Take Profit: 2.90 (May consider Partial Take Profit)
EXPECTED Take Profit in June - July 2021
Company Name: NA
Industry: Crypto Currency / Blockchain
Technical Analysis
1. Large Ascending Triangle Forming
2. Fibonacci Retracement at 0.786 (Silver Zone)
3. Completion of Ascending Triangle may potentially fill up the large candlewick
4. Fibonacci Expansion 1st Take Profit Level 1 (Grey Zone) is also at Ascending Triangle Take Profit Range
Entry: Now Ready (1.40-1.50 range)
The market may fall back to 1.40ish before the up.
Take Profit: 2.90 (May consider Partial Take Profit)
EXPECTED Take Profit in June - July 2021
Note
We are still ontrack, review 1hour timeframe. 1hour chart and then apply a volume and RSI indicators. You will notice a huge bullish pumped in on a pinbar and oversold RSI levels If you backtest this volume+pinbar at top/bottom part of charts you would find consistency in price being rejected or bouncing off. With that said, the market did not close lower than the previous low hence, we are still on an uptrend. Should the market close below the previous low, we will look for when the market will push up again.
Trade active
Updated Analysis here!
Trade closed: stop reached
Unfortunately, all crypto combusted last night. I'll send an updated chart short of the new possible projection.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.