MANA: Descending Channel & Accumulation Zones
Support Zone #1 has been tapped multiple times, with wicks between $2.82 - $3.06. This is a strong accumulation area.
The only way Support Zone #2 gets hit, in my opinion, is if BTC dumps hard.
Once MANA breaks bullish above this descending channel, then we can expect resistance in the low $4 region. In the coming months, I expect MANA to revisit the previous ATH and pass $6.
This is not financial advice. These are just my ideas and opinions.
The only way Support Zone #2 gets hit, in my opinion, is if BTC dumps hard.
Once MANA breaks bullish above this descending channel, then we can expect resistance in the low $4 region. In the coming months, I expect MANA to revisit the previous ATH and pass $6.
This is not financial advice. These are just my ideas and opinions.
Commento:
Breakout. Next Target = $4