Mana clearly was in a corrective downtrend move. This corrective wave ended around the horizontal support/resistance area; after that price broke the downtrend line too. So, it seems everything is ready for the next uptrend move. Let's see what happens.
Note
Something like this might happen.
Note
MANA looks promising. Let's see if MANA can break this minor triangle pattern or not.
Note
MANA also started an upward wave. Let's see if it can break the second line or not.
Note
So, as it turned out, MANA is oscillating in a sideways channel. Recently, MANA reached the bottom, broke the downtrend line, and is rising. Let's see what happens.
Trade active
So, MANA is approaching the channel's upper line. Let's see how MANA reacts to this line.
Note
So, MANA couldn't break the channel's upper line, thus correction started, and MANA revisited the bottom area. Let's see what happens.
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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.