MANA is showing more weakness. Firstly, a H&S formed and the neckline was broken. Retest of this neckline is rejected, very likely.
Secondly, both EMA 50D and MA 200D were broken down. Bears are in favor.
Finally, CMF volume indicator lost its trendline and its values become negative. This means "lack of buying interest".
As a result, a short setup is proposed as in chart.
Note
+14% profitShould book partial profit because market will bounce a after strong sell these days
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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.