*THIS IS NOT FINANCIAL ADVICE*
My first attempt at using the fib retracement tool so this could be wrong, but feels right!
The price found support at the .77 range and broke resistance at the .92 range.
MACD & RSI look good, still not completely overbought and macd appears to have momentum
MACD & RSI look ok, price is finding...
We want to always minimize losses as traders, thats why we will take our time to find where we should enter the crypto at to gain the most percent.
Here is what I see forming when looking at the Fibonacci price channel that is forming right now and how the crypto is falling right out, but we must follow it to the bottom.
Mana's looking good on a 1-Day timeframe. It looks like it's having problems getting past 1.15 resistance! but it is still inside the ascending triangle and building support around 1.02 - 1.06 area. Do you think it's preparing its UPSIDE BOOOOOM? Hit a like if you agree!
Previous break up was $0.40 cent run up from $0.80 to $1.20
If mana repeats itself the same as last time it will go from $0.92 to $1.32 as a $0.40 run up however past result arent reliable for predicting future results.
what we want to see is a close above the red line and then on the second candle, we want to see it also close above the red line. what would be even better is if the second candle tests the red line and uses it as support, closing above or on it. A close below the red line on this 6h candle or the next 6h candle would cancel this trade idea (until it closes back...
Mana had a nice rally up and made a retracement on .618 fibbs on 17 march. Since then its forming this breakout pattern. RSI is showing lower lows but price action is making higher lows which suggests a breakout. I have set up alarm on both trendlines to trade the break either way, which always present a good RR set up. I have medium confidence in Breakout due to...
It looks like we will be getting out of the last short term channel within the next hour, after that there are a few bumps to overcome before ATH, but since it is a hype coin right no I see it easily running past those until it hits the main hurdle which was the last ATH 1.25 on coinbase.
I have Mana's next move after it breaks the 1.25c all the way up between...