Hello my dear supporter, let's keep this one short and simple while we consider a 500% potential profits for the upcoming Decentraland bullish wave; This is a high probability trade setup.
Let's start with the weekly RSI, MANAUSDT:
Yes, we have a bullish divergence on the RSI, a broken descending channel and a new high... But compared this to MANAUSDT.
Notice how the January peak price for MANAUSDT is much higher than the current price, ~80% higher to be more exact, while the RSI on the other hand trades much higher compared to January 2023... This is a signal of strength.
Couple this with four sessions closing green, the last one closing today, and we have a very strong bullish setup.
Short & simple; Easy & sweet; This explanation is all we need!
These signals are revealing to us that something good is about to happen to this Cryptocurrency trading pair.
Thank you for reading. Thanks a lot for your continued support.