MANA, In Absolute MANJA-PHASE, 10 USD As A Upcoming Target!Hello,
Welcome to this analysis about Decentraland under the ticker-symbol MANAUSD, we are looking at the 4-hour timeframe perspectives. In recent times in the cryptocurrency market space, there are boiling up some pivotal altcoins to consider with appropriate opportunities in the middle-to-long-term-basis. Although many altcoins are still in consolidational or bearish phases there are some gems within the market that show the proper technical and fundamental prospects for potential worthwhile setups to come around with, in this case, now I discovered MANAUSD within the main manja-phase and with the formation here that has the ability to complete showing up considerable opportunities along the line.
As when looking at my chart we can watch there how MANAUSD printed this major massive absolute exponential-impulse-wave to the upside shooting almost above 600% through the roof in just 3 days and establishing an astonishing paradigm. Now as MANA managed to hold above the 50-EMA in red and the 25-EMA in green it is printing this decisive descending-channel-formation in this structure with a coherent wave-count within, when this wave-count completes and with MANAUSD managing to appropriately bouncing within the area above the ascending-trend-line in blue and within the EMAs this will be the origin of the completion of the channel as a bull-flag and the activation of the next exponential-impulse-wave.
Taking all these central factors into the consideration now it will be important to elevate on how MANAUSD completes this whole potential flag-formation and how it continues afterward, in any case as it is always necessary it is highly important to await the completion of this whole formation with a breakout to the upside before moving finally into this concluded directly. Once MANAUSD has completed the whole formation appropriately the 10 USD target will be activated and once this target has been reached MANUSD has to show if it manages to continue with a possible next formation or firstly reverses, for now, we should be prepared in any case on upcoming volatility with this altcoin, it will be an interesting journey ahead.
In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best!
"Good fortune is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the markets.