MANA has been trading sideways for close to two months now. During this period, a triangle pattern has emerged on the chart.
Triangles will often end up in a volatile move in either direction. With BTC being incredibly oversold, I'm favoring a bullish move over a bearish one. Be aware that we're still in a macro downtrend, so a bearish break out is possible.
In blue you can see my targets, which are placed at recent points of inflection. Be patient for the break out to be confirmed.
Triangles will often end up in a volatile move in either direction. With BTC being incredibly oversold, I'm favoring a bullish move over a bearish one. Be aware that we're still in a macro downtrend, so a bearish break out is possible.
In blue you can see my targets, which are placed at recent points of inflection. Be patient for the break out to be confirmed.
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