Spotted an Elliot Wave on 2 hour chart. ABC patter is present. MANA seems ready for another go. From my end this is a blind prediction and it may not reflect what I've draw due to many factors. However I am hopeful of the outcome. Also provides an opportunity for swing trading. Take into consideration candlestick patterns and support/resistance positions....
The last analysis I was wrong went I view on TF 1hr. This is TF 4hr, I see MANA in wave 3 and down to major support (the peak of wave 1). So, MANA had been completed correction phase and then MANA being wave 5 with possible target about 2700 (200% profit from wave 2)
Hoping for Mana to bounce off the 1st support so I can sell up to the 2nd resistance. If it reaches the second support I would buy in.
Mana reached next target around 2500sat But they burned mana supply, I think it can possible reach more than 5000sat or $1 for long hold!
As you can see MANA is at the bottom of uptrend channel right now. *A lot of room for growth on RSI *MACD about to cross with a huge room for growth *Only 10% Risk with a stop loss compared to 40%+ Potential. THIS IS A SHORT TERM TRADE! Set your stop losses at 0.00014 (In case if channel support is broken) Target point is between 0.00019 and 0.00021
Buy 1500 to 1750 target 2000 stop loss 1400.
If it breaks the resistance at 900k it can jump to 1100-1200 sat. It is not overbought or anything. RSI is still much under 80%
Small Cup and Handle Formation showing a target of +56%. I'm not sure on my time estimates as I have no way to gauge the time for the handle to complete and the rally to begin. Use your best judgement.
Stochastic RSI indicates the coin is over sold and the MACD is near the end of the resistance cycle. These two factors give us a gleaming beacon that says to BUY ME. Good luck!
HODL'ing MANA while I sleep, because I see it's already been through retracement tonight after it's rally and appears to be a stable place to hold coin while sleeping on this day. Rally should begin before I wake, which would be great. If it doesn't, I'll likely move coin back to TRX and continue that rally tomorrow after the retracement completes while I sleep.
This seems to have started a new Elliot Wave sub set. Looking to buy the retracement - between 0.786 and 0.883 fib levels. It may also retest the 1h cloud Also Stoch RSI looks good. This is a binance signal.
Hourly chart setting up for another push to previous highs.
$MANA broke out of an ascending triangle so I had to adjust my outlook to be even more bullish than it previously was. TP1 target resulted in a 70% profit trade while holding out for TP2 will net a 145% profit.
$MANA is ready to break out of its symmetrical triangle pattern.
$MANA has just given us a buy signal. Buy now for big profits, trend is just starting. Targets 1.4k, 2.1k, 2.9k and 3.4k.
So, generally what I see from this chart, is that MANABTC showing accumulation last days and yesterday it closed over 50 MA, which is a good sign for uptrend. We broke triangle and closed candle over it, also RSI is very bullish. Increasing volume and slow rise. My prediction for the price is: 1000, 1200, 1500, 2000. Time: 1-2 weeks or less. Good Luck and put...