FieryTrading

🔥 MANA Triangle Break Out: Ready To Bounce?

Long
BINANCE:MANAUSDT   Decentraland / TetherUS
Over the course of several weeks now, MANA has lost a lot of its value. However, with the stock markets rallying and Bitcoin appearing strong lately, it might be time for alts like MANA to catch-up.

On the chart, we can clearly define a triangle pattern, of which MANA broke out earlier today.

Assuming that BTC will not give back its gains, I can see a short-term trend change coming to alts and therefore MANA.

Targets in blue placed at recent local tops.

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