MANAUSDT Bear Flag on 1D. Attention needed.
MANA has seen extreme gains on a 1 month horizon. However buyers should be careful at this stage as on the 1D time-frame, the price is printing a Bear Flag, the likes of which has been a strong red signal in the past.
As you see on the chart, every time this pattern along with the RSI going into a descending triangle, has always preceeded a sharp market correction to the 1D MA200. Maybe that would be the best level to get in again.
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As you see on the chart, every time this pattern along with the RSI going into a descending triangle, has always preceeded a sharp market correction to the 1D MA200. Maybe that would be the best level to get in again.
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** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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