MANA | Swing long
Updated
Mana looks very strong in 2020 and going to play it as a swing play.
- Recent breakout has been successfully re-tested and price should hit 600 sats in Q1 2020.
- Price also crossing 100, 200 DMAs for the first time since the long downtrend.
As you can see, the price has been consolidating from August - December 2018. Right now there should be a distribution so I have outlined three main levels where the price should reach (3rd is less possible).
- Remember one thing, all alts can look promising but once Bitcoin will get bigger pump +8-15% then altcoins will start immediately bleeding. So always protect your capital and put your stop into safe zone as soon as possible.
- Recent breakout has been successfully re-tested and price should hit 600 sats in Q1 2020.
- Price also crossing 100, 200 DMAs for the first time since the long downtrend.
As you can see, the price has been consolidating from August - December 2018. Right now there should be a distribution so I have outlined three main levels where the price should reach (3rd is less possible).
- Remember one thing, all alts can look promising but once Bitcoin will get bigger pump +8-15% then altcoins will start immediately bleeding. So always protect your capital and put your stop into safe zone as soon as possible.
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