Technical Analysis of the MANTA/USDT pair

By Cris Cors for Next Decentralized Finance

Today, we are going to analyze the MANTA/USDT pair, and for this, we are going to use several technical indicators.

Technical Indicators

MACD: -0.0115

MACD Signal: -0.00153

MACD Histogram: 0.01746

STOCH RSI K: -0.00STOCH RSI D: 1.44

ATR: 0.06265

PVT: 25,651

KPPO: -0.99

RSI SMA: 42.37

Based on these indicators, it appears that the market is in a bearish trend.

The negative MACD suggests that the short-term trend is lower than the long-term trend.

Furthermore, the RSI SMA of 42.37 is below 50, which also indicates a bearish trend.

Possible Entry Positions

Determining possible entry positions requires careful analysis of technical indicators and market conditions.

Here are some possibilities based on the data provided:

MACD: A bullish MACD crossover above the signal line can be a possible entry signal.

Currently, the MACD is -0.0115 and the signal line is -0.00153. If the MACD crosses above the signal line, it could be an entry signal.

RSI SMA: The current RSI SMA is 42.37. Generally, an RSI value below 30 is considered oversold and could be a possible entry signal.

However, the current RSI SMA is above this level.

Supports: Support levels can be good entry points as price often bounces off these levels.

Possible support levels on the chart are:

3.16584

3.11922

3.0311

2.99982

2.89972

2.89074 USDT.

Please keep in mind that these are only possibilities and do not guarantee a successful outcome.

It is always important to do your own research and consider multiple indicators before deciding on an entry position. Additionally, I would recommend that you consult a financial advisor for a more detailed and personalized analysis.

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