Tag: break
Uniswap Holds Above $8 Support Amid Bullish Expectations
Polkadot Recovers From Downtrend But Consolidates Above $16 Support
Attention Traders!! This Altcoin May Come-Out to be the Best Bet of 2022!
The post Attention Traders!! This Altcoin May Come-Out to be the Best Bet of 2022! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide
Cardano’s price has been lucrative throughout the year 2020-21. The asset rallied more than 15,000% since then to hit the ATH above $3 from the lower areas around $0.1. However, the asset has faced a major rejection here and since then continues to maintain a deep descending trend. Despite the current narrow accumulation, ADA price …
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MANA Technical Analysis: Buyers Struggle To Recreate Bullish Cycle
MANA coin price shows a bullish reversal from $2.45 and creates a symmetrical triangle pattern as the rally approaches the long-coming resistance trendline. The MANA coin price shows lower price rejection from the $2.5 mark, resulting in a support trendline and a symmetrical triangle pattern. However, the bull cycle struggles to outshine the sellers at $2.85, which questions the possibility of a bullish rally approaching the resistance trendline? Key technical points: MANA price action creates a morning star pattern The Stochastic RSI shows a bullish crossover in the daily chart The 24-hour trading volume in the MANA token is $1.02 Billion, indicating a 30% fall. Past Performance of MANA With the recent rejection from the long-coming resistance trendline, the MANA coin price retraces 25% to the $2.5 mark. However, the bulls resurface to hold the $2.5 level and bring a short reversal. This generates a weak support trendline that completes a symmetrical triangle pattern in the daily chart. Source-Tradingview MANA Technical Analysis The MANA coin price shows a bullish reversal within a triangle pattern but struggles to overcome the $2.85 barrier. Hence, a selling opportunity with the breakout of support trendline is possible. The MANA price shows a higher price rejection from the 50-day EMA and falls below the 100-day EMA. Hence, a retracement to the 200-day EMA is possible, which will break below the support trendline. After the bullish crossover in the oversold territory, the Stochastic RSI indicator shows sharp linear growth in the K and D lines. However, the lines must overcome the previous failed bullish cycle peak to generate a bullish signal. The RSI Indicator slope shows a gradual rise that struggles to surpass the halfway mark after the sharp fall from the overbought zone. Moreover, the RSI slope fails to reach the 14-day average. In short, the MANA technical analysis shows a weak bullish reversal that may shortly break below the support trendline. Upcoming Trend The MANA coin price struggles to surpass the $2.85 mark and fails to withstand the selling pressure resulting in the long wick formation. Hence, the bears are resurfacing after the 5.83% overnight growth. That is why sellers can shortly find a trendline breakout entry with the target of $2.40. Support Levels: $2.50 and $2.40 Resistance Levels: $2.85 and $3
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Bitcoin (BTC) Price Prediction: BTC/USD Hovers above $39K as Bitcoin Faces Rejection at $40K
LoL – LEC Spring Split 2022 Week Seven Day One Recap
With just two weeks of play left, it was all to play for in Week Seven of the LEC Spring…
The post LoL – LEC Spring Split 2022 Week Seven Day One Recap appeared first on Esports News Network | ESTNN.
Why real estate investors are going crazy over virtual lands?
Virtual lands are all the rage, but why are real estate investors pouring literal millions into metaverse properties? Let’s break it down.
Market Wrap: Crypto, Stocks Rise Despite Ongoing Invasion of Ukraine
The Ukrainian president criticized the country's allies for their lack of assistance in stopping the Russian advance
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