It has been a long while since I posted a chart. Since I am still considered new, please feel free to add or correct my analysis.
After what seems like forever, mana broke the resistance of approx. 448 this evening.
Taking a look at the moving averages, on the 4H they are absolutely perfect with the bottom being the 200 EMA followed by the 100, 55, 21 and the short term 10 ema. Showing a definite sign of bullishness and continuation.
The moving averages on the daily are another story. The 100 EMA is the only moving average coming down while all the others are moving up in a rather confusing order.
Daily
RSI bullish
MacD bullish
Stock RSI bullish
CMF neutral to bullish
Price targets
493
529
571
621
700
If all targets are hit we will see approx. 42%
thank you
After what seems like forever, mana broke the resistance of approx. 448 this evening.
Taking a look at the moving averages, on the 4H they are absolutely perfect with the bottom being the 200 EMA followed by the 100, 55, 21 and the short term 10 ema. Showing a definite sign of bullishness and continuation.
The moving averages on the daily are another story. The 100 EMA is the only moving average coming down while all the others are moving up in a rather confusing order.
Daily
RSI bullish
MacD bullish
Stock RSI bullish
CMF neutral to bullish
Price targets
493
529
571
621
700
If all targets are hit we will see approx. 42%
thank you