Decentraland Mana. Where this Metaverse Is Going?
Hi Traders,
here is my view for Mana on a Daily Chart.
Weekly Chart is very clean, PA hit Fibo Retracements by the book.
I am looking to find a way to post 2 charts in the same idea but for now I post the Daily.
Price is at a major S/R, halfway between the Nov 2021 High and 23.6% Fibo Retracement Weekly support.
Daily Chart
PA ia at 2.70
I am Bearish if price breaks below 2.6750 and find resistance to backup.
It is probable a retest of the green area and then bounce back , resuming trending up.
Further down move to the 2.00 if it stay below the green area and can't hold the last lower low.
Recap
Solid bounce above 2.750 and I am bullish, target 3.300.
Any move lower 2.700 and I am bearish. l
Look for short at 2.500, first target at 2.20,2.00 then (very bearish) 1.750.
I'd like to see a double bottom in area 2.0/1.80, it will be a strong bullish pattern.
Please, be aware, this is NFA. Do your own research.
i'm noob and stubborn
here is my view for Mana on a Daily Chart.
Weekly Chart is very clean, PA hit Fibo Retracements by the book.
I am looking to find a way to post 2 charts in the same idea but for now I post the Daily.
Price is at a major S/R, halfway between the Nov 2021 High and 23.6% Fibo Retracement Weekly support.
Daily Chart
PA ia at 2.70
I am Bearish if price breaks below 2.6750 and find resistance to backup.
It is probable a retest of the green area and then bounce back , resuming trending up.
Further down move to the 2.00 if it stay below the green area and can't hold the last lower low.
Recap
Solid bounce above 2.750 and I am bullish, target 3.300.
Any move lower 2.700 and I am bearish. l
Look for short at 2.500, first target at 2.20,2.00 then (very bearish) 1.750.
I'd like to see a double bottom in area 2.0/1.80, it will be a strong bullish pattern.
Please, be aware, this is NFA. Do your own research.
i'm noob and stubborn