MANA Breakout out (SHORT) Quick profit.MANA coin just had a breakout.
I am making a short here to earn some quick bucks.
The Fibonnaci levels show where the targets and resistance will be.
The indicators confirm the breakout.
And the TD Sequential will give me all the details I need to know how this coin is going to progress.
1h chart.
This is a risky trade.
I don't recommend buying at any level.
Just sharing for your entertainment.
Hope you enjoy the chart.
MANABTC
MANABTC Trade Opportunity, Low Risk, 500% RewardTechnical Analysis:
- CM_Stoch_MTF is at bottom and moving upwards, signaled buy
- Bullish Harami Candle formed, signaling end of bearish market and reversal into bullish market
- MACD support upward movement
- Williams_Vix signaling floor / bottom (buy indicator)
Risk:Reward: 5+
Stop Loss: 236 Satoshi
Short Term Target: 690-750 Satoshi (0.786 Fib + Local swing high)
Medium Term Target 1 : 1200 Satoshi (1.618 Fib extension)
Medium Term Target 2: 2000 Satoshi (2.618 Fib Extension)
Fundamental Analysis:
- Reddit AMA December 12
- Terraform Event December 15, over $1.65M USD worth of MANA tokens contributed to event
MANA BTC | Reversal + Bottom Established | High GrowthDecentraland is fresh from the oven, hitting Bittrex only a week ago. With new coins, price fluctuates a lot with bottom unestablished but will eventually find its way back to when it first came out
CLOSE UP BELOW
Good Buy
Strong support line at 200 satoshis
Bottom established
Ascending Triangle Reversal
Bad Buy
Uncertainty - No prior data to work with
Without a clear bottom, price may drop further
Support line at 200 satoshis
Buy Zone - 190 to 220
Stop loss - 180
All the best!!
