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$BTC failed to penetrate resistance at level 70,000, currently #BTC is forming a double top pattern which has the potential to bring BTC back to level 61,000. This makes #MANTA fall to its lowest level. $MANTA Analysis: 1. Elliot Wave (ABC): MANTA has reached point C. If #BTC strengthens, MANTA has the potential to test level 2.0 again. 2. Head and Shoulders: This pattern will end at level 1.0 (if supported by strengthening #BTC ) 3. Fibonacci Retracement: Based on Fibonacci Theory #MANTA has the potential to fall to the level of 0.850-1.0 What is your opinion? Please discuss in the comments column.
$BTC failed to penetrate resistance at level 70,000, currently #BTC is forming a double top pattern which has the potential to bring BTC back to level 61,000. This makes #MANTA fall to its lowest level.
$MANTA Analysis:
1. Elliot Wave (ABC): MANTA has reached point C. If #BTC strengthens, MANTA has the potential to test level 2.0 again.
2. Head and Shoulders: This pattern will end at level 1.0 (if supported by strengthening #BTC )
3. Fibonacci Retracement: Based on Fibonacci Theory #MANTA has the potential to fall to the level of 0.850-1.0

What is your opinion? Please discuss in the comments column.
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$MANTA has not shown any bullish potential at all, the manta has the potential to return to the $2.7 level
$MANTA has not shown any bullish potential at all, the manta has the potential to return to the $2.7 level
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$MANTA Has Breakout and Retest in the chart pattern area. In Elliot Wave Theory (ABC) $MANTA has succeeded in reaching point C which is a signal that the manta will be bullish. However, the TF4h line chart of the manta shows that there is a possibility that the price will form Wave E/bearish (Elliot Wave ABCDE) towards the price level of $2.6. If the price level of $3.4 is penetrated, then the probability of the manta being bullish is very high.
$MANTA Has Breakout and Retest in the chart pattern area. In Elliot Wave Theory (ABC) $MANTA has succeeded in reaching point C which is a signal that the manta will be bullish. However, the TF4h line chart of the manta shows that there is a possibility that the price will form Wave E/bearish (Elliot Wave ABCDE) towards the price level of $2.6. If the price level of $3.4 is penetrated, then the probability of the manta being bullish is very high.
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