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PersianAnger
May 3, 2018 5:34 AM

MANABTC - Analysis  Short

Decentraland / BitcoinBittrex

Description

There are two scenarios that can be explained in this 15 min chart:

1 - MANABTC chart, in the last couple of days, showed a resistance to a MA200, as you see on the chart (Red Circles).
That can be a sign that the trend will continue going sideways or hypothetically it might bounce up.

2- On the other hand, MANABTC shows a TRIPLE TOP. Also, the stoch chart is not very promising; you can see the lower top and the bottom is almost flat. It might be a Huge Drop in the next few hours!

Despite the fact that BTC price can change the scenario, HODL is apparently may be the best option.

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MA200 was a bounce point for the chart!

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Apparently, the second run has started for today. It is possible to see the bounce in the next few minutes!
Buy zone: 2000-2050
Sell zone: 2150-2200

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Double bottom observed!
Comments
Rocky1900
Btc is on run ALTs are bearish, will see when ALTs rise and Mana reacts on KUCOIN listing
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