Bears broke the bullish trendline in MANA / Trading Range? / H4
Bullish trendline and Gray trading zone was marked up in my previous MANA analysis as support levels.
MANA didn't get supported at trendline and no buyers there. So it fall down to the gray trading zone.
We have a falling triangle currently which is a bull flag in my vision.
I'm waiting for breaking this triangle and then I will be with buyers to ATH ( Red Trading Zone ).
Higher prices will be logical if price breaks ATH and consolidate above the ATH.
Targets based on previous impulsive legs could be:
1) $6.49
2) $7.27
3) $7.81
MANA didn't get supported at trendline and no buyers there. So it fall down to the gray trading zone.
We have a falling triangle currently which is a bull flag in my vision.
I'm waiting for breaking this triangle and then I will be with buyers to ATH ( Red Trading Zone ).
Higher prices will be logical if price breaks ATH and consolidate above the ATH.
Targets based on previous impulsive legs could be:
1) $6.49
2) $7.27
3) $7.81
