What does the Higher time Frame Analysis Show Us?
Bullish
The RSI Stochastic appears to be crossing over shortly to the bearish side, that does not seem to be deterring based on Market Sentiment and accumulation.
Moving Averages for the 15/90/55 appear to be all crossing over at once, when this happens it usually brings about unprecedented volatility to the upside.
Volume has been consecutively on the buy-side favour.
Volume has been decreasing since the 6th of this month based on fundamental news that Colliers International, the Property Consultancy Group were partnering with MANA.
Accumulation has been active especially as individuals brought the dip.
MACD crossed over several days ago and does not appear to be running out of steam
Bearish
The RSI Stochastic appears to be crossing over shortly to the bearish side, that does not seem to be deterring based on Market Sentiment and accumulation.
Has increased by close to 14% over the past several days, this could see a fall - this is HIGHLY UNLIKELY according to Nouvive Intelligence.
Where will MANA go over the week?
Nouvive sees an entry point at 1435 to fill a gap there - however that is highly unlikely, it appears that based on favourable price action, momentum and market sentiment it will be breaking above the current resistance of 1491. That collated with Bitcoin soon to be breaking out of its downtrend and finding its temporary bottom will carry the price of MANA up.
Nouvive sees a trade from current market levels to 1435 with a stop loss just above 1400 and a take profit at 1745.
Bullish
The RSI Stochastic appears to be crossing over shortly to the bearish side, that does not seem to be deterring based on Market Sentiment and accumulation.
Moving Averages for the 15/90/55 appear to be all crossing over at once, when this happens it usually brings about unprecedented volatility to the upside.
Volume has been consecutively on the buy-side favour.
Volume has been decreasing since the 6th of this month based on fundamental news that Colliers International, the Property Consultancy Group were partnering with MANA.
Accumulation has been active especially as individuals brought the dip.
MACD crossed over several days ago and does not appear to be running out of steam
Bearish
The RSI Stochastic appears to be crossing over shortly to the bearish side, that does not seem to be deterring based on Market Sentiment and accumulation.
Has increased by close to 14% over the past several days, this could see a fall - this is HIGHLY UNLIKELY according to Nouvive Intelligence.
Where will MANA go over the week?
Nouvive sees an entry point at 1435 to fill a gap there - however that is highly unlikely, it appears that based on favourable price action, momentum and market sentiment it will be breaking above the current resistance of 1491. That collated with Bitcoin soon to be breaking out of its downtrend and finding its temporary bottom will carry the price of MANA up.
Nouvive sees a trade from current market levels to 1435 with a stop loss just above 1400 and a take profit at 1745.