Mana is it in descending channel?
Updated
Its very possible for Mana to break this descending channel. However, I don’t like the bearish looking divergence right now and the possibility for ABC correction…need to wait and see before jumping either on long or short.
Trade closed: target reached
Indeed it was a very much descending channel! It hit the bottom of that channel in March 2023.Right now we may have opportunity for accumulation and growth in 2024!
Disclaimer
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.