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Mana

When market gives us worries we need to HedgeHi everyone, so market is taking another turn and we need to act and react. Do we panic and sell all our spot? Well if you think yes then you must have already paid the price a few times and haven't learned yet. Needless to say that if you are in this category you probably didn't take profit either when you should had. That's what happens to most, yes. In this cases one can think like this: Leave my spot intact and cover my exposure with a short position on some assets. Look for a chart under resistance and plan accordingly. Hope you like the chart. One Love, The FXPROFESSOR For me that chart now is Mana.
BINANCE:MANAUSDShort
by FX_Professor
3
MANA/USDT: Bullish reversal tentative - 1,20 to watch---- Mid-term Analysis for the next coming 4 weeks to 3 months - Based on Daily Chart ------- MANA/USDT: Bullish reversal tentative - 1,20 to watch Context - The Global Crypto market leads by BTC and ETH reversed a new bullish trend - BTC and NFT/METAVERSE COIN remains in underperformance versus ETH. - We are watching at 1,20 to bypassed to extend the bullish recovery in progress Market configuration - Graphical Elements : Graphical support = 0,99 & 0,7990 Graphical Resistance = 1,20 & 1,95 - Mathematical Indicators: EMA ( Exp Moving averages) are support at 0,99 = Bullish RSI indicator (below) is now above 50% with room to the upside = Bullish - Elliot & Harmonic Wave (Fibonacci): A last drop to draw the wave (C) B is now completed - the market is now bouncing off in recovery Fibonacci resistance of the wave = 1,20 Fibonacci bullish wave target at 1,95 Fibonacci bullish wave support at 0,7980 Fibonacci bearish wave target at 0,5940 Conclusion Prefered case => As long as 0,7980/0,99 remains support a larger recovery towards 1,20 is expected with strong conviction, only a break above 1,20 will open a direct recovery potential towards 1,95 Alternative case => Breaking 0,7980 a new bearish attack towards 0,5940 will occur
Long
by JeanJean1983
MANA- Nice Breakout 🍄Market becoming Bullish early this week as you have been informed: I think this time is ok to FOMO: US printing money to fight inflation.. take a wild guess what that can do to Bitcoin (🚀🚀🚀🚀). BTC Technical analysis: Still in ascending channel . The Top (resistance) is just below 25k . I see 70% chances of breaking over the channel and off to 28k Resistance (our first target as given few weeks ago). Watch the video and take a look at THIS: After the Falls we naturally get a lake I think it ended up being Perfect. One Love, The FXPROFESSOR
Long
by FX_Professor
8
MANA- Market is weak, we need to HedgeMANA is my selected Short for the day. Close to 1.0860 Resistance it's ideal (to me) for a short position with SL over 1.10 At the same time check my previous posts/ideas for my other set-ups and most importantly look at this: Mondays are Red🩸 Ends are Weak💤 Yet we Rise✔️ We might as well have patience and yes: the market will most likely continue to rise but not on a straight line. DYOR and learn how to trade: it does pay out eventually. One Love, The FXPROFESSOR
Short
by FX_Professor
2
MANABTC - Longterm IdeaI do see a possibility of a short (daily) run upwards. But this will not be the big rally. It's more a final top out and then we will go into a long consolidation phase to reach Wave 4 target zone. But there is definitely a good chance to have afterwards in 2025 (not exactly) a huge big rally coming in for Mana again. The big new bull market in around 2025 depends a lot when we go into a general crypto bull run again. Therefore also the weekly chart from BTC will help me to understand better the market cycles.
by learnWithBurn
Mana trying to flip the inv h&s neckline to supportIf it can succeed in flipping the neckline of this inverse head and shoulder pattern to solidified support, then the breakout target of the pattern should be around 1.28-1.30. It hasn’t validated its breakout yet though so if bitcoin takes a tumble, it could take mana down with it before it gets a chance to validate this pattern. Will likely see it decide which way it will go in the next 2-4 days. *not financial advice*
COINBASE:MANAUSD
by DrDovetail
1