Decentraland / TetherUS
Long
Updated

MANA// Long Opportunity

450
Current Pattern: Symmetrical Triangle, lower highs, higher lows, break upwards and currently retesting and sitting on 38%. This is a bullish sign. Early profit targets are 23% and 0% line, however MANA is in an uptrend and this can be an opportunity to enter long-term.

Reasons not to enter yet:
1. We havent closed above the last LH within the triangle (23%).
2. Future price is dependent on how BTC performs. BTC is currently within a similar triangle and short term downtrend.
3.
Note
Updated TLs**
snapshot
Note
Price is currently suggesting a short. Therefore since I'm only trading spot MANA will be off the radar for now.
snapshot

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