MANA bulls still fighting

19 de dez. de 2021

Just a short-term update/confirmation. The support on the green line looks better on the 6 hour and a similar line can be made on the 1 hr...and this is such a small trend, the 1 hr is fine. Small but crucial as I am hopeful BTC doesn't drag MANA below $3.18. MANA is looking good within the Bullinger Bands and the MACD is good-mediocre. MANA is just at "that point" where trends are coming to a head and I fear some people were burned last week. I did pretty well through it all, but could have done better had I had a crystal ball. On a good note, volume, albeit low, is double that of yesterday...so hopefully, that trend will continue. Should MANA break $3.71, I would feel a lot better all around. MANA has ignored BTC lag before...and this is going to have to happen at some point when financial institutions realize BTC is more of a Kleenex brand for a greater product, but there are far better crypto products out there than BTC...I just hold one, for the cause. Kleenex is a poor example because I think their tissues are the best;-) Anyway, this is not financial advice. Note, MANA is approaching the mid-line on the descending channel that began on Dec. 3. It will be interesting to see if it bounces (soon) around $3.22, maintaining a strong position in the upper half of the greater descending channel.