Technical analysis by Babsphoenix about Symbol MANA: Buy recommendation (5/17/2023)

MANA: SHORT TERM BUY OPPORTUNITY Decentraland is forming a weekly TF bullish flag. The flag breakout is likely going to be initiated from the next support or the wide demand zone beneath it. A short term buying opportunity can be scouted on both. But a fast and long bullish move is going to be tough because there are many resistances ahead. For a long term buy, its better to wait for all the 3 weekly moving averages, 1w MA 50, 1W MA 100 AND 1W MA 200 to become support before buying.Comment:Comment: