Decentraland: Crab 🦀

BINANCE:MANAUSD   Decentraland
Like a crab, Decentraland is predominantly moving sidewards just above the support at $0.48. Nevertheless, we expect our crypto friend to develop more upwards momentum soon so that it will be able to expand wave iii in magenta above the resistance at $0.84. However, there is a 35% chance that Decentraland could slip below the support at $0.48, thus digging itself into the magenta-colored zone between $0.49 and $0.40 to place a new low in the form of wave alt.ii in magenta first before turning upwards again.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.