Hey friends, hope you are well, and welcome to the new update on Decentraland (MANA) token.
Down channel and EMAs:
On the daily time period char, the priceline of MANA is moving in a down channel. To break out the resistance we need the EMA 10 to cross up the exponential moving average 21.
On the long-term weekly chart, the price action of MANA had a very strong resistance of Ichimoku bearish cloud, now the cloud has turned bullish . Therefore now it can breakout the cloud easily.
This move can be like Ethereum when the price action of ETH found weak resistance of Ichimoku cloud on the weekly chart, then it broke out this cloud with powerful bullish divergence.
On the daily chart, the priceline of MANA has formed a Gartley pattern and entered the potential reversal zone. The 25 simple moving average is moving down to cross down the candlesticks and it can lift the price action soon. Then 50, 100 and 200 SMAs can also cross down the priceline of MANA.
In the long term, the price action of MANA has also formed another harmonic Shark move and moving in the potential reversal zone. Soon it can start a very powerful bullish divergence from this level.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
From small to long-term, the priceline of MANA is turning bullish. Once the channel on the weekly chart will be broken out then the priceline may start a powerful bull run soon.