technical analysis of MANTA /USDT 1h chart. by Cris Cors:
Trend and Japanese Candles:
The chart shows a sideways trend, which means that the price has remained within a specific range.
Japanese candles (green and red) represent price movements during specific time periods. Green candles indicate price increases, while red candles indicate decreases.
Fibonacci levels:
The white horizontal lines drawn on the chart indicate Fibonacci levels.
These levels are key points that traders use to identify possible areas of support or resistance.
Technical Indicators:
RSI14: The Relative Strength Index (RSI) with a value of 45.53. This suggests that the asset could be in a neutral zone.
Stoch RSI14: This indicator combines the RSI with the stochastic oscillator.
Current values are 3/3/14>24/7/38/91, which could indicate overbought or oversold conditions.
PPO16/27: The percentage price oscillator (PPO) with specific values.
Momentum (Mom): The price momentum, with a closing value of 0.1393.
Pivot Points (PVT): An indicator that shows support and resistance levels.
The current value is -6,111M.
Ease of Movement (EOM): This indicator measures the relationship between volume and price change.
The current value is 10,000*10=0.
Average True Range (ATR): The average true range (ATR) with a value of 0.04446.
In summary, this chart presents a sideways trend with several technical indicators. To make informed decisions, a deeper analysis and consideration of other factors would be necessary.
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