MANA BTC | Reversal + Bottom Established | High Growth

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Decentraland is fresh from the oven, hitting Bittrex only a week ago. With new coins, price fluctuates a lot with bottom unestablished but will eventually find its way back to when it first came out

CLOSE UP BELOW

Good Buy
Strong support line at 200 satoshis
Bottom established
Ascending Triangle Reversal

Bad Buy
Uncertainty - No prior data to work with
Without a clear bottom, price may drop further

Support line at 200 satoshis
Buy Zone - 190 to 220
Stop loss - 180

All the best!!

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ملاحظة

Was in the process of making this chart when suddenly it broke out resistance level!! :D

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ملاحظة

I am still thinking of a sell point but a realistic target would be 350-400 satoshis in a month or two.

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ملاحظة

BTC tested 6k and Mana tested 200 satoshis. Volume was decent enough for me to say that 200 satoshis is a very strong support in my honest opinion. :)

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ملاحظة

Mana could not stand the might of BTC. :D I hope you manage to stop losses at 180. If you wanna enter MANA again, now is a good time. ;)


It looks like MANA will start to curve up forming a bowl and try to break 200.
Let's hope the bottom would be 150.
Set tight stop loss at 140

All the best!!

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ملاحظة

MANA took longer than expected to complete the cup but its there now!

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