MANA end of consolidation

MANA is one of the best performing cryptos (big caps) since the beginning of this year, with 75% of increase.

Since then, MANA has been consolidating in an ellipsoid. It seems that the end of this consolidation is coming.

On 2D TF (cf screen-shot below), buyers seem to come back because MFI and CMF values are bouncing after falling to their trendline.

As a result, a referenced swing setup (with high risk) is proposed as in chart. The breakout depends much on BTC's next moves.

In any case, If you are looking of a Long, I hope that this analysis (with levels/trendlines) can help you find a better entry.

Trade fermée manuellement:

BTC risks to go down more