Hello all. Interesting pattern formation for mana both on daily and on the 4hr charts.
We have a descending channel which can play as a bull flag and put us around $7.
On the other hand, we have formed a descending triangle which is a bearish pattern. The measured move for this patter is approximately 35% which will put us at around $3 range. This level corresponds with the 50 EMA on the daily also with the fib gold pocket.
Definitely interesting to watch since we have bearish and bullish sentiment going on. Keep an eye on it.
Super bullish long term and buying more. Top of the ascending channel sits around $7 which we will reach very soon no matter what.
Thanks for reading and stay tuned. Enjoy.
We have a descending channel which can play as a bull flag and put us around $7.
On the other hand, we have formed a descending triangle which is a bearish pattern. The measured move for this patter is approximately 35% which will put us at around $3 range. This level corresponds with the 50 EMA on the daily also with the fib gold pocket.
Definitely interesting to watch since we have bearish and bullish sentiment going on. Keep an eye on it.
Super bullish long term and buying more. Top of the ascending channel sits around $7 which we will reach very soon no matter what.
Thanks for reading and stay tuned. Enjoy.