Technical Analysis of MANTA/USDT Pair on 1 Hour Chart by Cris Cors 🤑🤑🤑👋👋👋🚀🚀🚀🚀🚀

In this analysis, we will examine the recent behavior of the MANTA token relative to USDT using data from a 1-hour chart. The key indicators are the following:

Bollinger Bands:

Bollinger Bands are a tool that measures price volatility.

In this case, the bands are relatively narrow, suggesting a possible expansion of volatility in the near future.

The price objectives are at the resistance and support levels.

MACD (Moving Average Convergence Divergence):

MACD Line: -0.00077MACD Signal: 0.00105MACD Histogram: 0.00181The MACD is a momentum indicator that helps identify changes in the trend.

In this case, the MACD line is slightly below the signal, which could indicate a possible bullish or bearish reversal.

STOCH RSI (Stochastic Relative Strength Index):

%K: 28.98%D: 36.89The STOCH RSI combines the RSI (Relative Strength Index) with the stochastic.

Low values ​​in %K and %D suggest that the asset is oversold.

This could indicate a possible bullish recovery in price.

In summary, the graph shows an interesting situation. The tightness of the Bollinger Bands suggests an upcoming expansion in volatility.

The MACD and STOCH RSI provide mixed signals, suggesting that the price could move in either direction.

Support and resistance levels are crucial in determining the next trend.

Remember that technical analysis is a tool, and you should always consider other factors, such as news, market events, and general trends. Good luck in your trading! 📈💹

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