Following my post on MANAUSD 4h basis there was a Bullish flag. Analyzing MANAUSD on a daily basis shows that MANAUSD has a Bullish Pennant.
The first profit target is at Fibo-1 if the Bull start to move, and we can expect a resistance, so keep an eye on the indicators.
It can grow up to Fibo-1.27 which some resistance may happen but The next main target would be Fibo-1.6 which we can expect the a heavy resistance and reversal of the trend.
And the Next Big resistance is expected for Fibo-2.6 based on the peak history of MANAUSD.
Cryptocurrency is very volatile market so always have an strategy and risk management plan.
Happy Trading.
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JUST FOR EDUCATIONAL PURPOSE
The first profit target is at Fibo-1 if the Bull start to move, and we can expect a resistance, so keep an eye on the indicators.
It can grow up to Fibo-1.27 which some resistance may happen but The next main target would be Fibo-1.6 which we can expect the a heavy resistance and reversal of the trend.
And the Next Big resistance is expected for Fibo-2.6 based on the peak history of MANAUSD.
Cryptocurrency is very volatile market so always have an strategy and risk management plan.
Happy Trading.
---
JUST FOR EDUCATIONAL PURPOSE