The chart for Decentraland (MANABTC) is starting to look quite bullish with an attempt yesterday to break above EMA10...
We are starting to see the early signals of a market that wants to move up... We still have some time left to go, within 2 weeks we can start to some really positive growth.
Let's get started with this analysis... Feel free to hit like to show your support.
Decentralanda (MANABTC)
We have the now common bullish divergence on the MACD. Notice the indicator moving up (higher lows), while the candles are moving down (lower lows).
We can see the MACD histogram now going green. As well as increasing volume, with the biggest volume bar since March 2018. We are looking at the biggest volume in 3 months in a single candle.
The RSI hit its lowest point ever on the 25th of June. See the chart here:
Just a comment. The profit potential is 120% not 220% from 444 to 980. To get 220% in profit you would have to buy at 306 and sell at 980. Pretty good regardless if/when we get to 980 :-).
AlanSantana
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@perolason, You are correct, thanks a lot for the correction.