MANTA / TetherUS
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Manta Network(MANTA) is Ready to Correct at least ➖10%

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📈Today, I want to analyze a Token for you, which was one of the trending tokens of the cryptocurrency market in the last few days; the name of this project is Manta Network(MANTA).

📚What Is Manta Network(MANTA)❗️❓

Manta Network is the modular ecosystem for web3. Users can build and deploy any Solidity-based decentralized applications on Manta and leverage its technology stack to deliver faster transaction speeds than an L1 and lower gas costs than an L2.

Manta Network(MANTA) reacted well to the 🟡Potential Reversal Zone(PRZ)🟡and started to decline.

💡In terms of Classical Technical Analysis, Manta Network(MANTA) managed to form a Rising Wedge Pattern.

🏃‍♂️Currently, Manta Network(MANTA) has broken the lower line of the Rising Wedge Pattern and is moving in a small ascending channel, which can act as a pullback.

🌊According to the theory of Elliott waves, it seems that the Manta Network(MANTA) has succeeded in completing five impulse waves, and we should expect corrective waves in the coming days.

🔔I expect Manta Network(MANTA) to fall at least to the 🟢Support zone($3.365-$3.260)🟢 after breaking the lower line of the ascending channel, and it is likely to experience further falls.

❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.

Manta Network Analyze (MANTAUSDT), 1-hour time frame ⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.

Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
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Ghi chú
The lower line of the ascending channel was broken.
Đóng lệnh: đạt mục tiêu
✅First Target✅
Đóng lệnh: đạt mục tiêu
✅Second Target✅
Ghi chú
MANTA has dropped more than 20% since I shared the post with you; now we have to wait and see if it can hold the 🟢Support zone($2.89-$2.68)🟢, although this zone will be lost if Bitcoin continues to fall.
Ghi chú
Most likely, MANTA will lose the 🟢Support zone($2.89-$2.68)🟢.
Ghi chú
MANTA is likely to fall to at least $2.22.
altcoinaltcoinsaltseasoncryptosignalcryptosignalsFibonaccimantamantanetworkMANTAUSDTRising WedgeSupport and ResistanceWave Analysis

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