Hopeful...but it makes sense

19 Nov 2021

Is MANA going to hit ATH soon? Of course. I sold when it looked like we weren't reaching the $4.38 fib target without a pullback first. Excuse the art, I was never good at finger painting. Ever think, "it'll never drop that far, we've come so far," and then it does, because it needs to in order to keep a healthy eco-system? We see cup and handles all the time. Upside down cups are rarer, but if you look at the 5min (which isn't best practice), it is as clear as day should this pattern play out to $3.75. Although a .50+ drop seems bearish, it is actually a total bullish move because the rebound is fast and furious. We were in this range just yesterday, and it's crypto so don't fool yourself into thinking it can't happen. $2.90 is still in the cards too. SO, thanks for all the "likes" on my ideas, but what I could use more than "likes" is feedback. I've been at this a while, but know that thoughtful insight and counter ideas are always helpful and welcome. Also, never make decisions based on one indicator. There is the .382 sitting in that range, the MACD and the RSI still have a little room but show weakness and RSI is in the overbought zone on the Daily. Good luck, and thanks for any feedback...because this is not financial advice, just an idea that I have no good reason to doubt, but doubt a little anyway. Massive accumulation if this one plays out.