My last chart on MANA / USDT was invalidated as the ranging pattern continued or perhaps a slight downward price movement occurred. This is an updated analysis on MANA / USDT based on the 4h time frame, with a spotted falling wedge.
Is MANA / USDT (Decentraland) overvalued at its current state, or are we merely seeing a retraction before an upwards price continuation?
In case of upside continuation; If the triangle breaks the upper line of the falling wedge - I recommend that you wait for a solid confirmation - then enter a long position.
Take profit idea:
TG1 - 3.5$
TG2 - 4.19$
I keep it simple and clean!
Likes, comments, and follows are dearly appreciated.
Let me know what you think and which ones you would like for me to analyze next.
Trade safely!
Is MANA / USDT (Decentraland) overvalued at its current state, or are we merely seeing a retraction before an upwards price continuation?
In case of upside continuation; If the triangle breaks the upper line of the falling wedge - I recommend that you wait for a solid confirmation - then enter a long position.
Take profit idea:
TG1 - 3.5$
TG2 - 4.19$
I keep it simple and clean!
Likes, comments, and follows are dearly appreciated.
Let me know what you think and which ones you would like for me to analyze next.
Trade safely!
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