MANAUSD, bearish rising wedge or upward channel?
To keep myself accountable and keep practicing my TA I'll be charting the top 100 crypto's by marketcap over the coming fews days. Any feedback and tips are welcome.
Trend = bullish (HH, HLs).
Notes:
- Potentially forming a rising wedge here, which could point towards reversal, with price struggling to make HH
- Alternatively, a channel has been forming, with MANA currently at halfway point
- Currently struggling around D1 resistance. If break/close above bullish continuation in the cards
Ideas:
- - Currently struggling around D1 resistance. If break/close above bullish continuation in the cards, would enter a trade there[LONG]
- If channel is accurate, expect move towards upside of the channel after breaking D1 R[LONG]
- See note above, if rising wedge is accurate, could break down [SHORT]
Trend = bullish (HH, HLs).
Notes:
- Potentially forming a rising wedge here, which could point towards reversal, with price struggling to make HH
- Alternatively, a channel has been forming, with MANA currently at halfway point
- Currently struggling around D1 resistance. If break/close above bullish continuation in the cards
Ideas:
- - Currently struggling around D1 resistance. If break/close above bullish continuation in the cards, would enter a trade there[LONG]
- If channel is accurate, expect move towards upside of the channel after breaking D1 R[LONG]
- See note above, if rising wedge is accurate, could break down [SHORT]
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