Market is highly uncertain right now but MANA printed PI CYCLE TOP which is a super BEARISH signal. DMA24 is at 2.8802 and DMA50 is at 2.8945; and both these lies b/w DECISIVE candle body. SO, ZONE to watch right now is from $2.9800 to $2.7531. BREAK below $2.7531 lead to massive BEARISH crash which may broke $1.705 and wick can reach upto $1.1067. MANA is a long term project but right now has to maintain above $2.98 for BULL world. tradingview.com/chart/YcwhHWQ8/
TRADE LESS,TRADE SMART.
INDICATORS used in analysis are made by TOP LEGENDS of TRADINGVIEW.
Trade active
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80% Position closed with 20% runner left. profit till now = 7.5x
@gyphorz, thanku bro..... keep an eye on BTC before taking any TRADE
obsessedCrypto
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I see more bullish signs. inverse head and shoulders forming on Micro and Macro time frames. Bullish cross of $3.5 could be a game changer
cryptopreet
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@obsessedCrypto, MANA is behaving CORRELATED with BTC right now. PI CYCLE TOP is very rare signal printed very less often on any asset and it never get invalidated. lets see if PI CYCLE gets respected again or BTC overruled the bear party ( because BTC printed BULLISH signal and is behaving accordingly).
obsessedCrypto
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given altcoins are very correlated to Bitcoin like MANA as you mentioned, a PI Cycle top on altcoins would not be a good indicator. I agree it shows bearishnes but like you said let's see how Bitcoin performs. MANA has known to outperform Bitcoin strongly and given the other technicals I don't see too much Bearishness at the moment. Your points are all valid I just wanted to point out that it's not so Bearish as people might think. Kudos