MANA BTC | Reversal + Bottom Established | High Growth

Decentraland is fresh from the oven, hitting Bittrex only a week ago. With new coins, price fluctuates a lot with bottom unestablished but will eventually find its way back to when it first came out

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Good Buy
Strong support line at 200 satoshis
Bottom established
Ascending Triangle Reversal

Bad Buy
Uncertainty - No prior data to work with
Without a clear bottom, price may drop further

Support line at 200 satoshis
Buy Zone - 190 to 220
Stop loss - 180

All the best!!

Comment:

Was in the process of making this chart when suddenly it broke out resistance level!! :D

Comment:

I am still thinking of a sell point but a realistic target would be 350-400 satoshis in a month or two.

Comment:

BTC tested 6k and Mana tested 200 satoshis. Volume was decent enough for me to say that 200 satoshis is a very strong support in my honest opinion. :)

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Mana could not stand the might of BTC. :D I hope you manage to stop losses at 180. If you wanna enter MANA again, now is a good time. ;)

It looks like MANA will start to curve up forming a bowl and try to break 200.
Let's hope the bottom would be 150.
Set tight stop loss at 140

All the best!!

Comment:

MANA took longer than expected to complete the cup but its there now!

Order cancelled