MANA inverse head and shoulders. Target = 1.10 area

Long

Decentraland (KRAKEN:MANAUSD)

Mis à jour

KRAKEN:MANAUSD Decentraland

MANA inverse head and shoulders formation. It is above the EMA ribbon and slightly broke above resistance. Looking for a bounce here around the start of the next hourly candle maybe... we'll see.

Commentaire:

So our $1.10 Target was reached but since it took a little bit longer to reach, I do believe there is more upside possible here maybe for the short term , however I don't feel as confident in it JUST YET. I'm looking into it now. It seems the 1.15 - 1.20 area looks good before some more consolidation... Then more than likely further upside (maybe mid September) assuming BTC is still continuing its current uptrend

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