MANAUSD - ANOTHER PUMP? 14-3-2021 UPDATED POSSIBLE TRADE
MANUSD
Price retrace after a crazy pump to USD 1.25.
lower TF forming a descending triangle and breaken the resistance trend line.
Reason to long:
1) RSI around 70 area, very bullish indication
2) MACD green on 1, 2, 4 hours TF.
3) Forming a bullish pattern, breaking the descending triangle resistance trend line at lower TF
Entry can consider at 0.91 - 0.925 area
Selling targets : USD 1.1, USD 1.25
Price retrace after a crazy pump to USD 1.25.
lower TF forming a descending triangle and breaken the resistance trend line.
Reason to long:
1) RSI around 70 area, very bullish indication
2) MACD green on 1, 2, 4 hours TF.
3) Forming a bullish pattern, breaking the descending triangle resistance trend line at lower TF
Entry can consider at 0.91 - 0.925 area
Selling targets : USD 1.1, USD 1.25
Note
hit USD 1.1 sell target, perfect 15% profit.
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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.
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.