The key is whether it can rise after receiving support at 0.2349
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(MANAUSDT 1D chart)
It receives support near 0.2349
1st: 0.2636
2nd: 0.3136
The key is whether it can rise to the 1st and 2nd above.
An important volume profile section is formed in the 0.1066-0.1547 section.
Therefore, from a mid- to long-term perspective, the 0.1066-0.1547 range can be considered the last buying range.
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In order to continue the upward trend, the price must be maintained above the M-Signal indicator of the 1M chart.
Therefore, a way to increase the number of coins (tokens) corresponding to profits with peace of mind is needed.
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MANA coins are used for Collectibles & NFTs, Gaming, Play To Earn, and Payments.
In addition, it belongs to the Ethereum Ecosystem, Solana Ecosystem, Polygon Ecosystem, Gnosis Chain Ecosystem, and Fusion Network Ecosystem.
Therefore, it seems that it can be used in various ways.
I don't think the future outlook is that bad, but since it is currently being used for Gaming, I don't think there is much merit in terms of price.
This is because it is not easy for the Gaming business to continue to develop.
I think the business needs to expand a bit more.
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(30m chart)
- HA-High indicator rises above,
- Trend Cloud indicator is rising,
- Rising near the M-Signal indicator on the 1D chart,
- StochRSI indicator enters the overbought zone,
Under the above conditions, there is a possibility that support will be confirmed near the HA-High indicator again.
Accordingly, the key is whether it will be supported near 0.2349, which is the M-Signal indicator point on the 1D chart.
It cannot be ruled out that it will rise to around 0.2636, but it is judged that there is not enough trading volume for that to happen.
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Thank you for reading to the end.
I hope you have a successful trade.
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- This is an explanation of the big picture.
I used TradingView's INDEX chart to check the entire range of BTC.
I rewrote the previous chart to update it by touching the Fibonacci ratio range of 1.902 (101875.70) ~ 2 (106275.10).
(Previous BTCUSD 12M chart)
Looking at the big picture, it seems to have been following a pattern since 2015 and has been rising.
In other words, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend.
Accordingly, the uptrend is expected to continue until 2025.
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(Current BTCUSD 12M chart)
Based on the currently written Fibonacci ratio, it shows up to 3.618 (178910.15).
Fibonacci ratio 0.618 (44234.54) is not expected to fall again.
(BTCUSDT 12M chart)
I think it is around 42283.58 when looking at the BTCUSDT chart.
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I will explain it again with the BTCUSD chart.
The Fibonacci ratio ranges marked in the light green boxes, 1.902 (101875.70) ~ 2 (106275.10) and 3 (151166.97) ~ 3.14 (157451.83), are expected to be important support and resistance ranges.
In other words, it seems likely to act as a volume profile range.
Therefore, in order to break through this section upward, I think the point to watch is whether it can rise with support near the Fibonacci ratios of 1.618 (89126.41) and 2.618 (134018.28).
Therefore, the maximum rising section in 2025 is expected to be the 3 (151166.97) ~ 3.14 (157451.83) section.
To do that, we need to look at whether it can rise with support near 2.618 (134018.28).
If it falls after the bull market in 2025, we don't know how far it will fall, but considering the previous decline, we expect it to fall by about -60% to -70%.
So, if the decline starts near the Fibonacci ratio 3.14 (157451.83), it seems likely that it will fall to around Fibonacci 0.618 (44234.54).
I will explain more details when the downtrend starts.
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