Manta Network (Volume Signal)Is Manta Network (MANTABTC) about to go ultra-bullish?
This is a young chart so it is had to say but, if anything, we have a very strong signal in the form of abnormal volume. This abnormal volume is clearly leaning towards the bullish side.
This volume signal has two portions:
1) Bearish volume. On the 8-9 October before the highest volume ever, MANTABTC produced the highest bearish volume ever. This is interesting because while this is the strongest selling pressure prices remain trading within a higher low compared to the recent low in both September and August. All this selling pressure but no new lows? Whales are buying.
2) Bullish volume. The highest buy volume in a single day after a new All-Time Low is indicative of accumulation. Accumulation tends to precede a bullish wave.
So there you have it, a chart with not much historical data but still the signals are present. These are early signals but points to higher prices next.
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