MANA/BTC (Pattern Breakout)MANA/BTC
-the ascending pattern broke to the upside
-now the priority of trading is up
-entering a position at the current price is aggressive
-while waiting for the pullback retest is less risk
-either way of trading approach, use proper stop loss
-your target is the recent top resistance at 697 sat
-this uptrend will be invalidated if the price will go below 200D MA
MANAUSDC
MANA/BTC TA Update (New Uptrend Started?)MANA/BTC
MANA bounces off right at the 200 Day MA and currently, the price is skyrocketing new High. The RSI level is about to enter the overbought condition. We may see some pullback retest of old resistance turning into new support at around 410 sats area. Initial target resistance is between 500 - 580 sats regions in case of an over-shot pump. For me, I would love to see another healthy pullback to establish stronger support during its growth in the future.