Confluence is everything

Confluence is everything

The greater number of indicators lining up, the more a theoryis supported. Given the lack of a crystal ball, it is easier to have an idea of where a trend change will occur (meta)versus when. For fun, not financial advice, I made a guess with a red question mark. In other posts, I’ve noted that although highly volatile, MANA has been behaving with relative predictability. It maps out the resistance on the way up for us to trade them as support on the way back down.

My non-financial advice is looking at a number of indicators around the $1.57-$1.62 range for our next meaningful leg up. I like to have at least 2 strong confluent indicators and another weaker one before making a trade. The Macro fib .5, the Micro fib .618 (going up from $3.15 on Nov. 17), the shoulder of our textbook inverse H&S all line up with our lower trend line’s approach to this area…that’s 4 big ones. We’ve hit this trend line twice. Most major moves happen just above the 3rd touch, not quite making it all the way down because people start buying early as to not miss out. The volume oscillator is also about to touch the bottom for a reversal. Lastly, if you take the $5 high and then subtract the $2.20 low, divide that number by 2 and then add it to $2.20, you get $3.60…just messing with you, that’s how the .5 Fib is calculated. If I had a crystal ball, I would put our next major move up on the 21st at about $3.60. My rationale for the timing is a stretch…but if you start on Nov. 3 when it took a small deuce, it dumped every 6 days, touching/creating the lower trend line , marked with red ‘X.’ The red ‘?’ is where the crystal ball adds time as a function…but yeah, don’t trust crystal balls, bad stuff happens when they crack. Regardless of where and when, find comfort in that MANA is clearly in an upward channel, breaking away from BTC and the overall greater crypto trend, and investing now puts you at the lower end of this token’s potential value. I’m not going to predict $50 or even $25 dollars because that would need extreme market cap. and public sentiment can crush a commodity in a couple of days for no good reason. That being said, currently, sentiment is great, and barring a collapse there is no reason MANA couldn’t reach $5, $9, or even $15 before the end of this bull run.

That’s all I have. These are just my ideas and not financial advice. Do your own research and don’t listen to knuckleheads on the internet. It’s been a fun and lucrative couple of weeks. Thanks for all the likes and follows…but what I would really like is some feedback besides “lambo and moon.” Tell me what I’m missing. Tell me a joke? Tell me, “You da mana?” Good luck, spend time with your family, and trade responsibly.