Process of Elimination...Mana moving up!

27 Jan 2022

Yesterday MANA was showing three potential paths upwards, all ascending channels. Now we can eliminate the Blue and Pink channels, left with the green. WARNING: Should MANA hit $2.04 before rising to 2.28ish, I am keeping an eye on a Head and Shoulders pattern that would have a target back down in the $1.80's. Kinda hopeful for that because it would make a great trade...but not financial advice because it would be, in my opinion, a very risky trade. So, I have alerts set at $2.05 and $2.25, will reassess when one of them goes off. My hunch is that there seems to be enough support, leaving wicks on lower time frames, at the bottom of the channel (around $2.10 at the time of this analysis). Good luck. The Fed. seems inconsequential for the month ahead. BTC is still flirting with the 35k range.