Mana is it in descending channel?

Its very possible for Mana to break this descending channel. However, I don’t like the bearish looking divergence right now and the possibility for ABC correction…need to wait and see before jumping either on long or short.

Trade closed: target reached:

Indeed it was a very much descending channel! It hit the bottom of that channel in March 2023.

Right now we may have opportunity for accumulation and growth in 2024!