I think we have a clear breakout coming for MANA. Reasons: 1. chart is mirroring last big move up 2. 4h close above down trend channel 3. bounce off long term up trend and 200 EMA
After analyzing the trends of the market, it appears we can be in a longer term bear market than we thought (2-3 months). Previously the initial bounce I called for was for the end of the futures contract but it seems like we had a weak bounce. We can still break out of this short term down trend and break up arrow 'A', then break down to the long term trend...
I think we will see BTC drop to about 10.3k, touching the bottom trend line before we bounce up, and through the cloud on the 26th, eventually hitting the long term down trend line at about 14.5k. Would love some criticism as I'm still learning how to read charts and TA
I think that MCO will take off after breaking resistance at 9k satoshi and a good profit take will be 10.6k satoshi