Hello my dear supporter, let's keep this one short and simple while we consider a 500% potential profits for the upcoming Decentraland bullish wave; This is a high probability trade setup.
Let's start with the weekly RSI, MANAUSDT:
Yes, we have a bullish divergence on the RSI, a broken descending channel and a new high... But compared this to MANAUSDT.
Notice how the January peak price for MANAUSDT is much higher than the current price, ~80% higher to be more exact, while the RSI on the other hand trades much higher compared to January 2023... This is a signal of strength.
Couple this with four sessions closing green, the last one closing today, and we have a very strong bullish setup.
Short & simple; Easy & sweet; This explanation is all we need!
These signals are revealing to us that something good is about to happen to this Cryptocurrency trading pair.
Thank you for reading. Thanks a lot for your continued support.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.