MANA has been trading sideways for close to two months now. During this period, a triangle pattern has emerged on the chart.
Triangles will often end up in a volatile move in either direction. With BTC being incredibly oversold, I'm favoring a bullish move over a bearish one. Be aware that we're still in a macro downtrend, so a bearish break out is possible.
In blue you can see my targets, which are placed at recent points of inflection. Be patient for the break out to be confirmed.
I second that! It's a little early to make a prediction now, of course, but all the arguments are the same as the ones I highlighted for myself. So, my scenario is almost completely the same)
YMGroup
â‹…
You made me Reconsider my take on the pair!
TheSignalyst
â‹…
I can see a very similar symmetrical triangle on BTC. nice spot