MANABTC Bullish Pennant - 75% Profit

BITTREX:MANABTC   Decentraland / Bitcoin
Hey Guys:

BINANCE:MANABTC is our next coin of discussion.

It looks as though BINANCE:MANABTC is forming a bullish pennant . Should the pennant break, we could see profits of up to 75%.

Using the height of Pole A, we can estimate the peak of the second rise; should there be one. The estimated peak from Pole B just happens to also stop at the peak of our Fib Extension.

Entry Point:

Look for the price to break the pennant . After breaking from it, I'd wait until the price cleanly breaks through the next Fibonacci level. i,e., If the price stays within the pennant over the next month and breaks on March 16th, I'd wait until the price rose above the 0.382 Fibonacci level.

Target Points:

(1) 0.00001720
(2) 0.00001935
(3) 0.00002242
(4) 0.00002632

Again, we will wait until we enter e position before gauging an appropriate stop-loss.


*I didn't include the normal MAs because of the initial listing of BINANCE:MANABTC . Those prices mess with the calculations of the MAs and are not reliable. So, we'll use them at a later time.

Sniper T3-CCI
  • We are going to keep an eye on this as time unfolds. Should the price fall below the 0.236 Fibonacci level, we should expect this to follow and confirm a downtrend.

The two candles above the red arrows raises some questions:
  • The first one shows large wicks and very little body. This indicates that there was a big battle between buyers and sellers. Although the sellers won, the result wasn't dominant.
  • The second, today, shows a hammer . Now, the hammer is still bearish ; which doesn't necessarily support our claim that a rise is eminent. Ideally, we want to see the bulls takeover as the rest of the day unfolds and turn that sucker into a green hammer .

We'll be keeping an eye on this coin over the next few weeks. I'm going to wait for the confirmation of an uptrend before entering a position.

Good Luck!


bro that shit is absolutly on point. thank you
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人資料 個人資料設定 帳戶和帳單 我的客服工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出