MANAUSDT TECHNICAL ANALYSIS
Decentraland barely not sinking
The metaverse altcoin, which was trading at $0.9085 during press time, noted a 7.73% spike over the last seven days. This price appreciation might seem like a solid opportunity for investment. However, we should not forget that it is only on a micro-scale. On a macro-lense, MANA is far from recovering.
What our chart telling us?
Beginning November 2021, MANA was $5,87 level and lost approximately 89% and fell down till $0,62. The candles are staying above to support line and almost will reach to resistance line. The candles already breakdown down trendline and one of the candle has been completely open close above to down trendline. We are getting BYY 2 signals from our robo advisor EngineeringRobo in recent/current candle and we need to wait for the new candle come up and if our buy 2 signal still over there, It may opportunity to buy for us.
Our Risk/Reward ratio 1.27 and Moving average lines are almost in the intersection. If direction get chance, it may another an opportunity to buy again in our daily time frame chart.
Let’s follow up our chart closely and don’t forget to follow me.
“NFA”
The metaverse altcoin, which was trading at $0.9085 during press time, noted a 7.73% spike over the last seven days. This price appreciation might seem like a solid opportunity for investment. However, we should not forget that it is only on a micro-scale. On a macro-lense, MANA is far from recovering.
What our chart telling us?
Beginning November 2021, MANA was $5,87 level and lost approximately 89% and fell down till $0,62. The candles are staying above to support line and almost will reach to resistance line. The candles already breakdown down trendline and one of the candle has been completely open close above to down trendline. We are getting BYY 2 signals from our robo advisor EngineeringRobo in recent/current candle and we need to wait for the new candle come up and if our buy 2 signal still over there, It may opportunity to buy for us.
Our Risk/Reward ratio 1.27 and Moving average lines are almost in the intersection. If direction get chance, it may another an opportunity to buy again in our daily time frame chart.
Let’s follow up our chart closely and don’t forget to follow me.
“NFA”
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