12h time frame
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MANTA had made a big box, ranging from $4 to $2, and took around 84 days. The quick dip from $2.5 to $1.5 help us confirm the time span it needs at least to build an accumulation zone, that will be similar to the left structure, which is 84 days. It means we will only see MANTA performs prior others since July if it makes a standard accumulation...
#MANTA
We have a bearish channel on the 12-hour frame, the price moves within it and adheres to its limits well
We have a major support area at Saad 1.70
We have a tendency to stabilize above moving average 100
We have a downtrend on the RSI indicator that has been broken to the upside
Entry price is 2.00
The first goal is 2.50
The second goal is 2.96
the third...
1h time frame
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MANTA go down to support zone with a falling channel, this zone is around 2.4~2.6. From the channel structure, we can see that MANTA got resistance again and again once touching the channel top. Now, MANTA is going to challenge the channel top again, and it is very close to support zone, that provide great risk to reward ratio to long MANTA.
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TP:...
It is fluctuating within a range.
Due to the sweep of low liquidity pools and higher L's and consumption of supply, it is expected to reject upwards from the POI range.
Only if it pullback to the POI range, we will look for buy/long positions.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget...
Manta is very strong coin at the moment. Breaking out higher. I am expecting new ATH soon. Playing bigger position with spot.
NOT A FINANCIAL ADVICE
ALWAYS USE STOPLOSS AND MANAGE YOUR RISK
IF YOU HAVE ANY QUESTIONS PLEASE LET ME KNOW IN COMMENTS
MANTAUSDT Technical analysis update
MANTAUSDT price breaking its trend resistance line in the 4H chart. we can expect a50-100% move in short-term
Buy zone: Below $3.45
Stop loss: $2.97
Hexa
Regards
MANTA is exploding and it's breaking every resistance. It's actually trying to broke the last stop before new ATH. I expect a small range before pumping till $3.9 first and $4.35 next. It's matter of time
We will see enough strong shakeout on MANTA to final pump to new high! On the basis of technical analysis we can see strong bullish wave will start soon. Greenish zone is for buying if you get opportunity.
