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Mana

MANA bulls still fightingJust a short-term update/confirmation. The support on the green line looks better on the 6 hour and a similar line can be made on the 1 hr...and this is such a small trend, the 1 hr is fine. Small but crucial as I am hopeful BTC doesn't drag MANA below $3.18. MANA is looking good within the Bullinger Bands and the MACD is good-mediocre. MANA is just at "that point" where trends are coming to a head and I fear some people were burned last week. I did pretty well through it all, but could have done better had I had a crystal ball. On a good note, volume, albeit low, is double that of yesterday...so hopefully, that trend will continue. Should MANA break $3.71, I would feel a lot better all around. MANA has ignored BTC lag before...and this is going to have to happen at some point when financial institutions realize BTC is more of a Kleenex brand for a greater product, but there are far better crypto products out there than BTC...I just hold one, for the cause. Kleenex is a poor example because I think their tissues are the best;-) Anyway, this is not financial advice. Note, MANA is approaching the mid-line on the descending channel that began on Dec. 3. It will be interesting to see if it bounces (soon) around $3.22, maintaining a strong position in the upper half of the greater descending channel.
MLong
by keykomg
2
Bullish Scenario #2Depending upon where the breakout happens in the symmetrical triangle that would be confirmed with the C&H (purple), I think MANA will rally closer to $5 with an approx. $1.3131 rise in price from breakout. This is just an idea...not financial advice. I will feel better about all these ideas, of course, once MANA breaks from the descending channel (green). MACD is starting to point upwards on the daily. Once it crosses, I think it will shoot above the histogram, supporting this large pump.
MLong
by keykomg
Breakout Eminent 2: adjusted for time.Numbers haven't changed but in the initial post, we had no idea when it would break out of the descending wedge. Assuming that the bottom holds, from where the actual breakout occurred, the shorter-term target, oddly enough, is exactly $4.50. Crypto loves round numbers. Just like the original idea, this is not financial advice, just an idea that seems to be playing out should the rest of the market cooperate. Do your own research...let me know if I'm missing something.
MLong
by keykomg
MANA is going up from here! BINANCE:MANAUSDT Mana is surely need to go up from here, and can only fail if BTC truley falls into the bears hands. we have: 1. 68% on the fibonacci level acting as a support over all when we zoom out. a strong clue that the big picture bull run is still in progress. 2. bulls triangle with a breaking green candle with nice volume. 3.visible divergance on the rsi indicator indicates a short term trend reversal. 4.clear resistance levels on the volume profile indicator that can easily act as support if we are moving over allthough we need to track carfully those spots. may be a rejection, take profits smartly. 5.clear and nice cross on the macd indicates a possible trend reversal. 6.100 EMA golden cross. 7.reversal breaking EMA's of the vpvr indicator on the 4H chart. take profits level are : target 1 - 3.6 target 2 - 3.9 target 3 - 4.6 too much signs for it to fail although crypto s truly sometimes unexpected, calculate your risk wisley. "not a financial adviser" "only an idea"
Long
by itay989898