Like a crab, Decentraland is predominantly moving sidewards just above the support at $0.48. Nevertheless, we expect our crypto friend to develop more upwards momentum soon so that it will be able to expand wave iii in magenta above the resistance at $0.84. However, there is a 35% chance that Decentraland could slip below the support at $0.48, thus digging itself...
$MANA breakout Descending channel pattern. in 1h timeframe valid breakout and has retesting on resistance become support line.
we can setup entry nor or wait for valid breakout and retest at 4H timeframe
Buy zone : 0.884 - 0.837 - 0.795
Target : 2.543 - 2.673 - 2.839 - 3.012 - 3.239
Stop : 0.775
