Alikze »» MANA | Ready to retest the resistance zone
Updated
In the last two posts, the Mana currency experienced a growth up to the specified area. After making a head and shoulder pattern in the roof of the channel, it faced a correction, which continued until the 36 cent area.
💎 Currently, due to the candle that has broken the support zone, it has become a stubborn resistance.
💎 Therefore, I expect that considering that a double bottom is currently formed with a retest of the area and with the support of the 39 cents range, it can attack again to break it, that this attack can continue up to the midline of the channel and then it can reach the ceiling. Continue the growth channel.
💎 Alternate scenario: If it loses the range of 39 cents and stabilizes below it, the next scenario can be substituted for it, which can extend to the green box area.
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»»»«««»»»«««»»»«««
💎 Currently, due to the candle that has broken the support zone, it has become a stubborn resistance.
💎 Therefore, I expect that considering that a double bottom is currently formed with a retest of the area and with the support of the 39 cents range, it can attack again to break it, that this attack can continue up to the midline of the channel and then it can reach the ceiling. Continue the growth channel.
💎 Alternate scenario: If it loses the range of 39 cents and stabilizes below it, the next scenario can be substituted for it, which can extend to the green box area.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Sincerely.❤️
»»»«««»»»«««»»»«««
Note
According to the movement path in the 2D time frame, after the support in the 0.3906 range with more than 20% growth now in the 4h time frame, it can penetrate and touch it in the demand area towards the first target of the supply area. 
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