xtremerider8

MANA repeats M-pattern;2 falling wedges & next 2 supports

Short
BINANCE:MANAUSD   Decentraland
Sorry guys I have some bad news for MANA. It has potential to fall much further if 2.0 level is not quickly
recovered by bulls making it a beartrap.
It seems to be repeating its previous M-pattern. It is also
forming not 1 but 2 falling wedges giving us the next 2 potential supports. It has broke down from my first support at 2.0.
Not trading advice

Disclaimer

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.