MANA continues to "defi" the overall short term crypto trend...
...see what I did there?
I'm going to quit while I'm ahead with the crystal ball from a couple of days ago. I was 1/2 joking when I put the red? where I thought we'd find that support because we can have a good idea of supports and resistances, but "when" that happens is, in my case too, luck. I do think it is going to want to bounce off of the lower support line at some point, and that may have to be when it climbs into range, above yesterday's low, probably in the low $3.60 area. MACD, Volume Oscillator, RSI are all looking bullish.
Today's chart has Thick Green from the other day and is our skeleton. The Short-term for the next couple of days is in purple, thicker lines are stronger than thin, and the dashed blue/orange lines are just the type of path (not close to exact) I think MANA will follow as it finds support, meets resistance, gets rejected, etc...until a breakout happens. This is all invalidated should we slip below $3.30. The pink circles are just places above yesterday's support where I think MANA will have to hit to make the big push up. Do your own research because this is not financial advice. Be safe and set your SL's.
I'm going to quit while I'm ahead with the crystal ball from a couple of days ago. I was 1/2 joking when I put the red? where I thought we'd find that support because we can have a good idea of supports and resistances, but "when" that happens is, in my case too, luck. I do think it is going to want to bounce off of the lower support line at some point, and that may have to be when it climbs into range, above yesterday's low, probably in the low $3.60 area. MACD, Volume Oscillator, RSI are all looking bullish.
Today's chart has Thick Green from the other day and is our skeleton. The Short-term for the next couple of days is in purple, thicker lines are stronger than thin, and the dashed blue/orange lines are just the type of path (not close to exact) I think MANA will follow as it finds support, meets resistance, gets rejected, etc...until a breakout happens. This is all invalidated should we slip below $3.30. The pink circles are just places above yesterday's support where I think MANA will have to hit to make the big push up. Do your own research because this is not financial advice. Be safe and set your SL's.
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