MANAUSDT Bear Flag on 1D. Attention needed.

 

MANA has seen extreme gains on a 1 month horizon. However buyers should be careful at this stage as on the 1D time-frame, the price is printing a Bear Flag, the likes of which has been a strong red signal in the past.

As you see on the chart, every time this pattern along with the RSI going into a descending triangle, has always preceeded a sharp market correction to the 1D MA200. Maybe that would be the best level to get in again.

Tradingview link:

https://www.tradingview.com/chart/MANAUSDT/a8ZVxL8k-MANAUSDT-Bear-Flag-on-1D-Attention-needed



Add a comment