MANA - Channel Breakout

We are getting the initial indications that the bearish momentum is fading away, with a break of the descending channel that began in early February.

There is still a major hurdle for bulls at 0.64 resistance. We can also correct some more to the downside to retest the channel top.

Even if perspectives are getting more positive for MANA, there is still no reason to call a long trade.