Over the course of several months now, MANA (and most other cryptos) have been trading bearish. However, MANA appears to be trading on a massive bullish support area within a bullish channel pattern.
Best case scenario would be for MANA to see some kind of huge inflow of buyers, creating a big green daily/weekly candle to confirm the change in trend. Especially in this market I'd advise to wait for bullish confirmation, since there's a decent probability for the price to fall through the support area.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.