MANA/USDT
💰Price: 0.552 USDT
📊Volume: 204,912 MANA
🔥 Average Volatility: 1.67%
⚪ RSI(14): 62.29
⚪ MFI(14): 63.92
⚠ CCI(14): 107.67 - Overbought
⚠ BBands(20,2): Near Upper Band
📊 ATR: 0.0101 USDT
❇ SMA(50): Price is above SMA
❇ MOM(10):Above 0 - Bullish
❇ MACD: Bullish Crossover Mode
❇ ADX Signal: Weak Bullish Trend
❇ Parabolic Sar: Bullish
❇ TD Sequential: 4 Up
⚪ RSI Divergence: None
In the 1-hour trading window on Binance, the MANA/USDT chart displays a price of 0.552 USDT, with a trading volume suggesting a moderate interest in the asset. Technical indicators give a generally bullish signal, with the Relative Strength Index (RSI) at a healthy 62.29 and the Money Flow Index (MFI) showing strong buying pressure at 63.92.
However, the Commodity Channel Index (CCI) hints at a nearing overbought condition, suggesting traders may need to watch for a potential pullback. The proximity of the price to the upper Bollinger Band also supports this view, indicating the price may be at the higher end of its current range.
All moving averages (EMA and SMA) are in a bullish alignment, with the price trending above these key indicators. This is complemented by a bullish MACD crossover and a Parabolic SAR indicating an upward trend.
While the Average Directional Index (ADX) presents a weak bullish trend, it still aligns with the overall positive momentum, and the '4 Up' signal from the TD Sequential points to an ongoing uptrend.
No divergence with the RSI means the current price momentum is consistent, with no immediate signs of a reversal. This overall positive setup is encouraging for bulls, but caution is warranted due to the potential overbought conditions. Traders should keep a close eye on these indicators and be ready to adapt to any changes in market conditions. As with all trading, risk management and due diligence are key. $MANA $BTC $LUNC
Mana Long Entry $0.5466
Stop/Loss $0.5146
TP 1 => $0.64
TP 2 => $0.78
TP 3 => $1
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