Fake Bullish Flag w Dead Cat Bounce (high chance) before real co

10 nov 2021

Early today 11/10/2021 (US time) or late today 11/10/2021 (Asia time) there was a big sale off made the price of MANA dove down to $2.3. This is a signal of big hand is stop-loss withdrawing from the MANA, it is very obvious MANA would not reach any ATH above $4 anytime soon by end of this year. I would suspect a lot of day-traders on this tradingview platform tricked new investors to buy in right now. I am personally taking an HoDLer approach to see the Resistance 2 need to be retested again before we can see if MANA can pull its wing above $4. The main reason I think it is a fake bullish flag is that there are signs of a dead cat bouncing around. Still, if we are going to the Bullish flag then sure most likely MANA would jump. However, be warned, technical analysis is not everything to look at the graph. You need to understand BTC run cycle is coming near, then ETH runs, so a lot of bleeding effects will happen when a major coin running. The chance of MANA going 5x from now to get that 20B is equal to BTC gaining 1T in the next 12 months. There is no signal that whale or big investor would put more money for MANA above $4. If it is then we should have had at $5 by now, however, the reality is that we are at the $2.6 range and have been sideways for more than a week. It is a crucial time to think through this. The attractiveness of MANA is at $1.6 range but not $2.4. This is not investment advice, this is merely a reflection of my perspective on the current situation! Good luck!