Happy Money Monday, Traders!
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade. This is only trading opinion.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
=============================
MANA pursued this retracement and has now touched its 35MA. MANA's 35MA is quite significant for the past few months since December as MANA trade against it mutliple times and had found rejection from it.
As of this writing, MANA is now sitting on its 35MA and is interacting with it again with confluence of the Green Bar as support (previously resistance and support) @ the 38.2% Fib at $2.8467.
So, what's happening next?
A. If MANA pushes further upwards, the immediate target is the 50% Fib Level above @ $3.6405. Further upside price action could bring MANA towards the 61.8% Fib @ $3.8577.
B. Further retracement from here could bring MANA down to the 50% Fib below @ $2.6295 and further down toward the Golden Fib Ratio of 61.8% @ $2.4122. Refer to other Fib levels if MANA dips deeper.
MACD: Crossing Bearish
Stoch RSI (1Wk TF): Oversold Region, Bullish Cross still present as of this writing
Price action is KING!
Always remember to place your Stop Loss.
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade. This is only trading opinion.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
=============================
MANA pursued this retracement and has now touched its 35MA. MANA's 35MA is quite significant for the past few months since December as MANA trade against it mutliple times and had found rejection from it.
As of this writing, MANA is now sitting on its 35MA and is interacting with it again with confluence of the Green Bar as support (previously resistance and support) @ the 38.2% Fib at $2.8467.
So, what's happening next?
A. If MANA pushes further upwards, the immediate target is the 50% Fib Level above @ $3.6405. Further upside price action could bring MANA towards the 61.8% Fib @ $3.8577.
B. Further retracement from here could bring MANA down to the 50% Fib below @ $2.6295 and further down toward the Golden Fib Ratio of 61.8% @ $2.4122. Refer to other Fib levels if MANA dips deeper.
MACD: Crossing Bearish
Stoch RSI (1Wk TF): Oversold Region, Bullish Cross still present as of this writing
Price action is KING!
Always remember to place your Stop Loss.
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
