Here we can see an ascending wedge and a head and shoulders pattern.
At this moment we can also see that the price action is currently retesting the parallel channel and wedge.
All options in this charts are still valid while it still can go both ways.
If the parallel channel gets broken, close above and an impulsive move up, off course retrace lvls. are...
Decentraland (MANA)
A self defined virtual reality platform has seen a 600% move upwards after the hype around it.
People who like the project and still want to hop on this one, it is currently ranging in between the Daily Supply and 4H Demand area.
Best to wait for the break-out, enter on the retest and put the Stop Loss @ 2.5 or slightly under for a decent risk...
As we can see, some beautiful price action.
We had three hunter candles, marked by the smaller circles.
The bigger circle marks a lvl . of interest, which came to be a key resistance point later on.
The parallel channel had several touches and price respected it for a while before "big money" decided for a liquidity grab on the 89.3% harmonic Fib. lvl .! (Hunter...
Swing-Trade Setup, where entry was on the Sweet-Spot level within the O.T.E., but still can be caught on the breakout or pullback, whatever rows your boat.
In this Setup we can see price needs to be closing above the 50 SMMA, together with volume support and a bullish continuation of the pattern.
Added Fib. confluence of the 100% projection and -27.2% extension...
