This analysis can be used not only to spot the trading opportunity that is now MANTAUSDT, but also for learning purposes. Let's go back to basics.
Here MANTAUSDT is breaking daily above EMA55. This break is happening with a full green candle and yesterday's candle also closed full green. Today's full green candle has above-average trading volume and is coming after several short-term higher lows. So this is a constellation of signals. One signal, the break of resistance, supported by many additional signals (volume, candles and chart pattern).
The classic signal is the break above EMA55 on the daily timeframe. This confirms a bullish potential for the mid-term, minimum, which means 3 months.
The next signal comes from the RSI, it is super strong. A hyper bullish RSI while a project is trading at bottom prices is another classic bullish strong reversal signal. It is present here.
These together, with marketwide action, what the rest of the market is doing, is more than enough for me to say: Manta is going up.
Thank you for reading.
Namaste.
