Hello all. There is no major change in mana chart since my last update so i will keep this short.
Mana has formed a symmetrical triangle which is more vivd on the 4hr chart. This pattern has equal chances of breaking upside or downside. The apex of the triangle is very close, and will break on or around December 10th.
Depending on BTC's performance, Mana will either break up towards the fib golden pocket, or retest the previous low.
But what an over sold RSI we have on the daily. Makes me want to open more longs.
Mana also trades above the purple resistance line of the descending channel and above the 50 day EMA.
I see equal chances of breaking upside or downside so be cautious on this one.
Check out my other charts on mana if you missed my previous updates.
Thanks for reading, and stay tuned. Enjoy.
Mana has formed a symmetrical triangle which is more vivd on the 4hr chart. This pattern has equal chances of breaking upside or downside. The apex of the triangle is very close, and will break on or around December 10th.
Depending on BTC's performance, Mana will either break up towards the fib golden pocket, or retest the previous low.
But what an over sold RSI we have on the daily. Makes me want to open more longs.
Mana also trades above the purple resistance line of the descending channel and above the 50 day EMA.
I see equal chances of breaking upside or downside so be cautious on this one.
Check out my other charts on mana if you missed my previous updates.
Thanks for reading, and stay tuned. Enjoy.