Im looking at MANA here to ride this channel until it face long downtrend resistance
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MANA structure is really nice. To end all of wave 3 (green) MANA needs one more high towards 15 - 20, the region of confluence defined by ext 2,382 green, ext 3,00 blue and ext 2,618 white. Wave 5 of 5 of 3 has itself five waves, of which wave 1 and 2 (white) are done. We shall see very soon a nice upside move in MANA. Once this wave 3 green is complete, a wave 4...
Mana is approaching an extremely important range. Let's check out the full chart: -------------------------- Dear Friends, Buying in the current market conditions carries a very high risk. Please step by step and keep some cash. -Thanks-
Hey guys as you can see there is a bullish pennant pattern, we take the lenght of the pole in the green rectangle and that is our target. - RSI Looking good - Bullish MACD cross - strong project lets waith to see how the candle close, however you can look at the VPVR Volume and there is a lot of support at the $1 dolar lever, if we drop i dont see it going...
Wait until cross 517 sats to trade it or to reach the diagonal dotted line because if we fail, we will go for 50%, 38.2% or even 23.6% (POC from Volume Profile here), before aiming for a HH. Golden Cross about to happens on Daily - 50 MA crosses up 200 MA
Update on $MANA, Looking good, our ascending trendline is hodling the movement (20%+ already) UCTS buy signal still active MACD Rising strongly RSI rising & about to reach Overbought levels Volume is good in comparison with average keep the trade active for now #MANA
Descending channel in play, for now I don't see signs of a bounce. Moving into 6H chart, EMA50-100 acting as resistance, Price tested upper trendline of the channel but got rejected for now. If nothing changes, ~819sats could be a new floor...