I've been following MANA a while now and "found" a new potential up channel I've placed in Green on the chart,
Price had a nice run up from the last pivot low...whether it's the bottom or not I don't know.
But, price has fallen to the right, lower green channel line which also happens to be the 38.2% Fib Retracement Line.
I've been listening to a poster that uses a system that says that if the retrace ends at 38.2%, then the probability is higher price will push to a new high above the last pivot high.
Here's his link: www.tradingview.com/u/enTHUZed/ I highly recommend!
RSI is declining sharply and is well under the RSI ma, so price would need to see an abrupt turn around for this current set up to be valid.
We'll see.
Price had a nice run up from the last pivot low...whether it's the bottom or not I don't know.
But, price has fallen to the right, lower green channel line which also happens to be the 38.2% Fib Retracement Line.
I've been listening to a poster that uses a system that says that if the retrace ends at 38.2%, then the probability is higher price will push to a new high above the last pivot high.
Here's his link: www.tradingview.com/u/enTHUZed/ I highly recommend!
RSI is declining sharply and is well under the RSI ma, so price would need to see an abrupt turn around for this current set up to be valid.
We'll see.
