Since the low of the blue wave (ii), Decentraland’s MANA has been dragging itself through a sideways consolidation just above the support at $0.41. Soon, however, new buying pressure should arise and push the price well above the resistance at $0.85 during the current impulsive wave (iii) in blue. If MANA instead drops below the support at $0.41, the magenta correction wave alt.[ii] will reach a new low, and the blue upward five-wave movement will only start thereafter (35% likely).
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
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Related publications
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.