madmax1000

Massive 538% potential on MANA

BINANCE:MANAUSDT   Decentraland / TetherUS
There are hints that the sustained downtrend in MANA is coming to its end.


1) We formed a strong weekly support.
2) This level was broken near the end of 2022.
3) However, there was very little supply around those low prices, and price quickly broke above the level again in early 2023.
4) Not only did we break that significant support/resistance level, we even broke above the previous significant high. This marks a "higher high", and hints that bulls are willing to buy MANA at continuously higher prices.
5) We retested the support/resistance level, which was in confluence with the Fibonacci golden pocket. We see a strong reaction in the form of a wick to the downside, indicating that bulls are quickly buying up all the supply in that level.

From here on we can expect higher prices. I've put my SL below the retest of the support/resistance.

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.