Mana has found a new range between 1120 and 1200. If BTC maintains its descending triangle MANA should drop back down to around 1120 before bouncing back up over the next 24-36 hours. Once Bitcoin has had a change of pattern MANA will follow up or down exponentially.
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i need a volume profile to more accurately predict the resistance.
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1100ish support held. Perfect bounce back up to 1180 and started falling again. 1100 is a much stronger support and will hopefully give another bounce up through resistance.
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Smaller time frames show a jump between the S&R levels shown. On the 1 hour here 1120 support held and we got another bounce back up to 1160. Looks like its stalled out and could go either way to 1200 or 1080. Bitcoin is still consolidating so until it starts to move in a bigger way we probably wont see anything dramatic here either. Steady as she goes.
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Went up to 1200 and resistance held, looks like the consolidation at 1150 has created new support. Bullish sign. Should bounce back up to 1200 again.
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and we got that strong bounce up and through 1200 which is now being retested as a new support on the first candle down. I believe it'll go sideways around 1200 for 6-12 hours then hopefully break up. If 12 can't hold 1150 should catch it.
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1150 is the new support look for it to bounce there over the next day, short.
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I honestly dont think I had my time frame adjusted to see the whole chart on my last comment, I need to abandon these lower time frame TA's sooner. anyhoo, broke up out of 1150 range with a good pump. Look for it to come back down to 1200 if momentum falls off. Closing this idea off going to chart mana again on higher time frame