MANA is about to be breakout soon. My Buying setup for MANA is 2.4850, 2.35. And I'll use the Stoploss at 2.17. And the Targets are shown on chart.
TP 2.82, 2.92, 3.3, 4, 5
Manage your own risk accordingly with that SL TP everything.
We are currently coiling up for a breakout. We do not have alot of volumes at the moment and will most probably happen in new york session only because that is where the volumes are coming from usually. targets
Bigger picture with the previous breakout and price action:
Trade setup:
Note this is the 3rd bounce off the trendline so we could see a huge breakout...
is this rocket ship just getting started? following a long accumulation zone, 1inch has ridden on very strong momentum to break out of the channel. A healthy retest to 3.8$-4.01$ is on the cards, as is the advancement of the ongoing price discovery ! Moving up the ranks of CoinMarketCap mighty quickly this one.
Short term forecast for Ethereum
TA: Ethereum has recently broken through local highs around the $175 zone. expecting a short term push towards the $191 area but wouldn't be surprised to see a wick up closer to $200.
FA: the outlook for the De-Fi space in ethereum remains bullish - stable coin demand remains positive. On the flip side regulators are eyeing up...
To me, it will either do a new Alltimehigh in OCT or DEC. DEC would mean, it all would pretty much repeat from last year. OCT means, crypto will go AllTimeHigh very soon and do a faster correction (maybe 2-3 months).
The 2 ideas pretty much are my views for BTC/USD too.
White line is DEC Alltimehigh, black line is OCT Alltimehigh.
