Hello all. Mana set a new all time high yesterday, and today we have turned previous resistance into support. Although fib golden level sits at $4.75 and would be a better entry than the current price at 5.19, it is not guaranteed we will revisit this level during such hype.
The stochastic rsi on 45 min timeframe is calling for a pump up as it is in the over sold territory. The entry at the new support line at 5.19 can be a profitable trade as mana is primed for another move up towards the 161 fib level which is another 35% gain for the short term.
Another bullish indicator for mana is that mana trades above both 20 and 50 day EMA's and also in the ascending channel.
Thanks for reading, stay tuned, and remain patient. Enjoy.
The stochastic rsi on 45 min timeframe is calling for a pump up as it is in the over sold territory. The entry at the new support line at 5.19 can be a profitable trade as mana is primed for another move up towards the 161 fib level which is another 35% gain for the short term.
Another bullish indicator for mana is that mana trades above both 20 and 50 day EMA's and also in the ascending channel.
Thanks for reading, stay tuned, and remain patient. Enjoy.