MANA is testing the support of the $1.252 area and needs to hold above this level. There is a downtrend line which works as a resistance level. A break above $1.80 is considered bullish and we see a rally towards the $2.20-$2.40 area. You can add some MANA near the support level with a tight stop loss of below the $1.25 level.
my reasons for entry here -
1.may be trying to form double bottom pattern(assumption).
2. Rsi Divergence.
3. Previous area of support
4. hammer candlestick pattern in daily TF
5. Inverted hammer seen in 15 min TF.
enough reasons to buy and please use stop according to risk appetite.
please refer to the chart.
Gratify if you appreciate the practice then you...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2.1111).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MANAUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
please refer to the chart.
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MANA USDT Crossing 200EMA high & low with a retest
also making a golden crossover of 50&20 emas
DO your own research not financal advice
ENTRY : 2.7 to 2.8
sl:2.5
tgt : 3 TO 3.5
#MANA finally broke out of the triangle & resistance line and currently, retesting back. The support around, $2.51 is the good area for buy setups. #BTC also looking bullish but at the resistance, so use proper stoploss with and risk management as well.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2.5317).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MANAUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
#Mana scalping zone 4 hr TF with sup. & resis, there's is #ascending triangle channel pattern which is bullish and shows bullish intent. Currently, price reached a good flip area around $2.55 - $2.56. Overall, rejection is expected, if price break this resistance. Better wait for a breakout of the resistance line or a proper dip to any strong support.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2.4984).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MANAUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
MANA forming a double top structure while showing weakness at an imortant support. Rejection at upper trendline. May test lower trendline before moving upwards in its downward parallel channel.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2.8471).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MANAUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Mana can come down a little bit more to test the last higher high and golden ratio on Fib level. From there we see a trenline breakout.
maybe we a small wick to 2.6-2.54 usdt.
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