MANAUSDT ! Retest resistance. Ascending channel. What's next?🤔

٥ أغسطس ٢٠٢٢

MANAUSDT forms a breakout of the trading range after repeatedly testing the upper boundary at 0.9358.

On the chart, I have marked the price movement as from 0.7550, the price forms an upward price channel and is momentarily testing the resistance at 1.0475.

I assume as the price comes back to retest this level, there is a good chance that the price could break it. The local trend is uptrending and the trend change was confirmed earlier. Key targets: the short-term target is the resistance at 1.1615, the medium-term target is the resistance at 1.3447

Regards R.Linda!