The money printer formation happens after a retracement to the downside. Notice how all the moving averages besides the yellow 200MA is gathering with price action? The yellow 200MA is gapped above price action and the other moving averages. Normally, the algorithm will pull price action up to fill the gap to the yellow 200MA. As stated previously, for the bulls to take control, we need to get back over that yellow 4 hour 200MA. NFA, DYOR ⚠️ #Crypto #Trading #MANYU
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$MANYU 4Hr Money Printer Preparing To Print?!
The money printer formation happens after a retracement to the downside.
Notice how all the moving averages besides the yellow 200MA is gathering with price action?
The yellow 200MA is gapped above price action and the other moving averages.
Normally, the algorithm will pull price action up to fill the gap to the yellow 200MA.
As stated previously, for the bulls to take control, we need to get back over that yellow 4 hour 200MA.
NFA, DYOR ⚠️
#Crypto #Trading #MANYU