Manta IAP model with accumulation zones BINANCE:MANTAUSDT
Possible Targets and explanation idea
➡️IAP model zones for accumulation marked on a screen
➡️From signal confirmation to sell on TradeOn indicator -62% short profit
➡️Appeared signal take profit and close short position
➡️On daily we saw local signal to buy and small bounce.
➡️Step by step you can...
12h time frame
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MANTA had made a big box, ranging from $4 to $2, and took around 84 days. The quick dip from $2.5 to $1.5 help us confirm the time span it needs at least to build an accumulation zone, that will be similar to the left structure, which is 84 days. It means we will only see MANTA performs prior others since July if it makes a standard accumulation...
#MANTA
We have a bearish channel on the 12-hour frame, the price moves within it and adheres to its limits well
We have a major support area at Saad 1.70
We have a tendency to stabilize above moving average 100
We have a downtrend on the RSI indicator that has been broken to the upside
Entry price is 2.00
The first goal is 2.50
The second goal is 2.96
the third...
MANTA/USDT currently shows strong potential for a breakout, particularly within the confines of a triangle pattern. Based on technical analysis, there is anticipation for an imminent breakout in the near future. It is advised to closely monitor the price action of MANTA/USDT to capitalize on a potentially lucrative opportunity should the breakout occur...
Manta/USDT is currently exhibiting strong momentum, with the price hovering close to a potential breakout. I anticipate a breakout in the near future, with a projected target of a 50-100% increase in the coming days. It's important to note that this information is not financial advice, and it is recommended that you conduct your own research (DYOR) before making...
Manta/USDT:
The market structure has once again turned bullish following a breakout confirmation after a fakeout on retest. The price has successfully broken out of resistance levels, indicating the possibility of a 40-80% bullish movement in the near future. It is essential to note that this information is not intended as financial advice.
1h time frame
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MANTA go down to support zone with a falling channel, this zone is around 2.4~2.6. From the channel structure, we can see that MANTA got resistance again and again once touching the channel top. Now, MANTA is going to challenge the channel top again, and it is very close to support zone, that provide great risk to reward ratio to long MANTA.
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TP:...
The $2.51-$2.65 range is a very good entry area, but this price depends on Bitcoin (BTC). If BTC drops to $59,500-$61,000, there is a possibility that MANTA will reach the $2.51-$2.65 area. However, if BTC does not drop, then the $2.9-$3.1 price is a good entry point.
Here are some factors to consider:
BTC price action: Keep an eye on BTC price action. If BTC...
1h time frame
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MANTA performs a standard Wyckoff Accumukatuon Methods, which provide guidelines for identifying trade candidates and entering long positions. From chart above, we can recoginze obvious phases of Wyckoff, icluding AR / ST / Spring / LPS / SOS. Currently, MANTA is probably under the SOS phase (Sign of Strength), that is a price advance on...
MANTAUSDT Technical analysis update
MANTAUSDT price breaking its trend resistance line in the 4H chart. we can expect a50-100% move in short-term
Buy zone: Below $3.45
Stop loss: $2.97
Hexa
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