Crypto-Follow logo Crypto-Follow logo
Cryptoknowmics 2022-04-21 12:27:49

MANA Technical Analysis: Last Steps Before The Price Reversing

The correctional wave of the MANA cryptocurrency, which began in November 2021, is coming to an end. Over 5 months, the MANA price slowly fell from the upper trend line of the growth channel to the lower. The trading volumes during this tedious price fall was low and the price was looking for shelter and a reliable foothold to stop. Such a foothold was seen in January, when the MANA price jumped 90% up in two weeks. This was the result of a test of an important liquidity range of $1.8. https://www.tradingview.com/x/hDdZ3eQv/ In fact, from February 2022, sellers are trying to lower the MANA price again to $1.8, but these attempts still look pathetic. For maximum certainty about the feasibility of investing in the MANA cryptocurrency in the current price range, we should wait for the test of the lower trend line of the growth channel. In the event of an increase in trading volumes and the formation of pins down on the weekly timeframe, we will receive the final signal to buy MANA. The first target, where you can fix the return on investment is the mark of $3.54. On this mark, there is a liquidity range of sellers, which for the first time buyers may not be able to pass. However, after a local price rebound to $2.2, we expect the growth wave to continue with the next target of $5.4. Technical Analysis Of MANA On The Daily Timeframe https://www.tradingview.com/x/4SA8riiX/ Analyzing the movement of MANA price on the daily timeframe...

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer