The Big Picture to $5.50

26 dic 2021

Merry Christmas. Before Thanksgiving, we were talking about the path to $5.50 and I even potentially made fun of the "get rich quick" mentality that more often than not leaves people missing an opportunity. Patience and intestinal fortitude will reward you in this industry (and research). $5.50 continues to be my first larger target before an ATH. This is not financial advice, just an idea. I think this view is good for newcomers to see how it doesn't happen overnight, FOMO is your enemy, and most importantly that nothing goes straight up and down. Zig-zag up and down and all around. The next couple of channels (yellow and green) will lead to the completion of a Cup and Handle, bringing the price target of MANA into the $5.50 range. Remember, when this rally finally takes off, the FOMO people can potentially pump it up higher, before it corrects, consolidating in the $5.50 range as it prepares for an ATH against the upper trend line of the ascending channel (Red). Know that it is healthy when it comes back from $6+ all the way down to the $4.40 range. Again, just ideas and not financial advice. Good luck and always be prepared for what BTC dropping to 42K would look like on a MANA chart.