MANA has completed a downward 5-wave impulsive decline, terminating at a strong dynamic support that also aligns with the Base Demand Zone. Following the low, price entered a prolonged complex corrective phase (ABCDE structure) establishing a broad Consolidation Zone.
A clean breakout from the wedge confirms the completion of impulsive upside Wave 1, setting the stage for a projected upside impulsive rally targeting higher fib extensions. The prior swing high at 0.7832 serves as a critical pivot, and price is expected to retrace into the 0.389 before continuation for the projected wave 3.
The current price action is likely the start of Wave 2 pullback within the larger impulsive wave 1 structure, with the Buy-Back Zone highlighted between the Re-Accumulation and Base Demand Zones, offering a potential re-entry opportunity for the next impulsive expansion.
The ultimate targets lie within the Major Supply Zone (Sell-Off Area), where final distribution and cycle completion may occur. Do share your view on this project with us.
A clean breakout from the wedge confirms the completion of impulsive upside Wave 1, setting the stage for a projected upside impulsive rally targeting higher fib extensions. The prior swing high at 0.7832 serves as a critical pivot, and price is expected to retrace into the 0.389 before continuation for the projected wave 3.
The current price action is likely the start of Wave 2 pullback within the larger impulsive wave 1 structure, with the Buy-Back Zone highlighted between the Re-Accumulation and Base Demand Zones, offering a potential re-entry opportunity for the next impulsive expansion.
The ultimate targets lie within the Major Supply Zone (Sell-Off Area), where final distribution and cycle completion may occur. Do share your view on this project with us.
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.