$MANTA May 16th I said Manta will try to breakout and for many people Manta is a scam... and now I say that when all the majority say this coin is a scam, at that time you will only be spectators. See you at the top guys. When the majority of traders, 90%, feel bearish, that's when 10% of traders buy🤑

Analisis:

1. **Trend Line and Support/Resistance:**

- The chart shows that the price is in a downtrend as indicated by the downward sloping line.

- There is a strong support level around the price of 1.3697 and resistance around the price of 2.2305.

2. **Moving Averages:**

- MA(25) is above MA(99), indicating that the short-term trend is still bearish because MA(25) functions as dynamic resistance.

3. **Volume:**

- Trading volume tends to be stable, but there is a decrease in volume which could indicate that selling pressure may be starting to decrease.

4. **Stochastic RSI:**

- Stochastic RSI is at level 91.5497, indicating that the market is overbought. This could be a signal for a possible trend reversal in the near future.

5. **MACD:**

- If the MACD line starts moving upwards, this could be a sign of a bullish reversal.

Based on this analysis, here are buy and sell recommendations:

1. **Purchase:**

- Consider buying if price is able to break the descending trendline resistance (downward sloping orange line) with significant volume.

- If the price is able to stay above the strong support level at 1.3697 and shows a bullish signal such as a crossover on the MACD or Stochastic RSI indicator, it indicates oversold.

2. **Sell:**

- Consider selling if the price approaches the resistance at 2.2305 without a strong breakout.

- If the Stochastic RSI indicator returns to the overbought zone after an upward price movement.