MANA/USDT 4H chart was previously in a descending channel

MANA/USDT 4H chart was previously in a descending channel (regular decline). Points (A) and (B) here illustrate a corrective pattern similar to the Elliott Wave ABC structure, where: (A) = corrective peak (B) = corrective bottom (strong support) The next logical target is (C), which is a rebound/relief rally. And indeed, a breakout from the descending channel has been seen, indicating the end of the downward phase and the market has entered the initial phase of an uptrend.