Decentraland (MANA) to 10 cents

** Warning to the bulls, this will trigger you! **

This is an extended forecast for the year ahead.

On the above 10 day chart price action has corrected 90% since the highs of $4 of late 2021. There are now a number of reasons that correction is about to extend to 98%. Why?

1) A breakout of market structure occurred in November 2022. Look left! That breakout has confirmed. Very bearish.

2) The same break of market structure is also observed in the MANA.BTC pair (below). Just like ETH.BTC

3) RSI resistance remains active.

4) The confirmed head and shoulders pattern is yet to arrive at the extension, 10 cents, which is also the next support.

5) Tradingview.com ideas recently published (last 30 days or so), all Long.

Is it possible price action stops correcting? Sure.
Is it probable? No.

Ww


10-day MANA-BTC pair