The graph shows the evolution of the price of the MANTA cryptocurrency against the US dollar (MANTA/USDT)👇👇👇👇👇👋👋👋👋💥

The chart is on a one-hour time frame, which means that each candle represents the price movement in one hour.

The indicators shown on the graph are the following:

Moving averages: These are lines that trace the average of the price in a given period of time. They serve to identify the trend and possible entry and exit points.

In this case, two moving averages are used: one of 50 periods (blue line) and another of 200 periods (red line).

When the 50 moving average crosses above the 200 moving average, it is called a golden cross and is a buy signal.

When the 50 moving average crosses below the 200 moving average, it is called a death cross and is a sell signal.

IECT: It is a custom indicator that measures trend strength and market volatility.

It is made up of two lines: a green one that represents the trend and a red one that represents the volatility.

When the green line is above the red line, it indicates that the trend is bullish and strong.

When the green line is below the red line, it indicates that the trend is bearish and weak.

When the lines cross, it indicates a possible trend change.

Based on the chart, it can be seen that the price of MANTA/USDT has been in a bearish trend since February 25, when it made a high of 3,003. Since then, it has been forming lower highs and lows, breaking support at 2,906 and reaching a low of 2,912. The 50 MA is below the 200 MA, confirming the bearish trend. The IECT indicator shows that the trend is weak and volatility is high, which implies that the market is unstable and there may be sudden changes in direction.

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