Decentraland with ticker MANAUSD may have formed a nice textbook bullish setup formation. We see a five-wave rally into wave A/1 from the lows, followed by an a-b-c correction in wave B/2 right into the former wave “iv” and 61,8% Fibo. support area. So, it can lift the price higher within wave C or 3 towards 1.0 area for wave C or maybe even higher for wave 3. We can actually already see it breaking above channel resistance line, but to confirm that wave C or 3 is in play, we need to see a recovery back above 0.55 region.
Become a premium member
Get daily Elliott Wave updates for some major Digital currencies, FIAT currency markets, major stock indexes, gold, silver, crude etc. or apply for unlimited access to the Elliot Wave educational videos.
PEPE Is Extending Higher Within A Projected Bullish Impulse As Anticipated. Check our blog here.