Decentraland Tries Again | Chart Fully Mapped

6 Feb 2020

MANABTC challenged Decembers 2019 high yesterday... Today's candle is leaning towards the bulls... Let's see what we have here.

Looking at Decentraland (MANABTC), we have some mixed signals but the bulls are surely in control.

For the last bullish wave, prices retraced all the way to 0.618 Fib. retracement support, notice that this is higher than 0.786 that we are usually seeing, circled in purple on this chart.

A shorter retrace is a positive/green signal.

MA200 was conquered and tested as support and the RSI is very strong.

A 35%+ move is easy on this setup if 0.00000517 is broken. I am bullish on this pair overall.

Thanks a lot for reading.

Namaste.