MANA - Weekly Outlook
Mana had an explosive week last week with price moving around 600% in a single week!
We are now waiting for the next buying opportunity. We have 2 areas which look to be the best areas to look for possible long entries.
First area:
Channel retest + 61.8 Fibonacci
The price to look at is the 2.30 to 2.40 level.
Second area:
Structure & 78.6 Fibonacci
The 1.60 level holds a lot of value as price was stuck there for almost a month. We could potentially retest that level and then make move higher.
For both areas, drop down to lower timeframe and look for reversal patterns or breaks of structure.
We are now waiting for the next buying opportunity. We have 2 areas which look to be the best areas to look for possible long entries.
First area:
Channel retest + 61.8 Fibonacci
The price to look at is the 2.30 to 2.40 level.
Second area:
Structure & 78.6 Fibonacci
The 1.60 level holds a lot of value as price was stuck there for almost a month. We could potentially retest that level and then make move higher.
For both areas, drop down to lower timeframe and look for reversal patterns or breaks of structure.
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