Potential 5 waves is visible on a smaller time frame

Profile picture
Aug 3, 2018

MANA shows nicely shaped 5 waves up

MANABTC, 15 min chart

The classic "divergence" - new top (wave 5) is made on a lower value of RSI.

With SL at around 0.000012 and TP at 0.00001420 it's up to the entry point how good Risk/Reward could be.

As usually the best if we try to keep it to 1:2 - 1:3

Profile picture
Aug 3, 2018

Thanks for reading!

If you enjoyed this insight please leave a like, join discussion in the comments and share it with your friends!


Assets from this insight

Decentraland logo


$ 0.095712

23.17%in last 7d

Conversations (0)