Hello Traders, Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
- Checking our 1D TF we can see that MANA price action has bounced strongly from support level 0.7000$ which acted before as an Support&demand pattern ( accumulation ) for a previous bullish impulse on 28 October 2021 suggesting that its a POI for many retail traders buying the asset on a discounted price .
- On 4H TF MANA just broke above level of S/R of 1.000$ - 1.1000$ , would like to see the buyers pushing towards 1.215$ showing they have the strength to trade higher as the price would be lifted towards level of 1.4000$-1.5000$ S/R level , buying pressure seems decent and this is a good sign to trade higher
- Meanwhile do not forget to monitor the bitcoin movement as it's fixed above crucial S/R level 30000$ and should have a 1D candlestick closing above this level or else price will drop again towards level 27k-28K
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.