Mana
MANA- New ATHs in 2022MANA, Decentraland is a key player in the Metaverse sphere. No matter how we personally prefer sandbox and everdome, this is a bullish chart and will keep outperforming the market.
News:
BITCOIN- Updated Mini-chart
Bitcoin jumps 10%, climbs past $40,000 for first time in 2 weeks
The world’s largest cryptocurrency climbed by the most in more than three months.
The big cryptocurrencies have been largely trapped in a range over the past couple of weeks, after experiencing widespread declines in January.
Bitcoin gained the most in more than three months as investors show signs of renewed risk appetite following a volatile week across financial markets.
The largest cryptocurrency by market value jumped as much as 9.4% to $40,426, the most since Oct. 15. It hasn’t been above $40,000 in more than two weeks. Ether climbed as much as 11%. Even SOL, the native currency of the Solana blockchain that has tumbled in the wake of the Wormhole project hack, surged about 10%.
You had been warned:
1. Our projection at the last post of 2021 was a dip first to 38k (finally it was 34k) and a rise to 79k (hopefully we are JUST A TINY BIT wrong again and it goes to 80k+):
BITCOIN 2022 - 38k First - 79k Then
2. We bought the dip perfectly and shared it here with you:
BITCOIN- Is this the Rainbow
3. Despite the FUD and some negative comments from some of you, we had estimated the NFP will play a role and it did. From now on: start understanding the fundamentals:
BITCOIN - Video Update (NFP tomorrow will be HUGE!)
04:07
Hope you enjoy our charts and analysis.
One Love,
the FXPROFESSOR
$MANA showing some strengthThere will need to be confirmed with a strong close on the daily candle but it MANA is looking very bullish.
It has broken a 2-month downtrend with gusto on good volume (roughly 12 million above the 20 day MA), passed a test of the 50 RSI, and is on the verge of a bullish MACD cross.
With there now being ETF's for the Metaverse and awareness and adoption rapidly increasing, it is a no-brainer that MANA will go up in value as more and more users join the metaverse and increase transactions/advertisements/DAU/time spent in the metaverse.
The technical set-up is really nice too.
$9 AprilMANA is positioned to hit $2.98. Should MANA get through the $3 psych. resistance, it will be set up for a move to $4.15 with a lot of resistance in the $3.50 area. Breaking the trend line around $3.50 opens the gate to an easy path towards $4.15. I anticipate a 15% drop at that time to retest the former resistance before heading up to $5.40. A sharp drop to $4.22 or even the former resistance line (around $3.20 when the time comes), followed by a parabolic shot to $9.23. This is just an idea, as it will have to get there sometime...and not financial advice. MANA needs to break $3.50 first. This bullish theory will be invalidated with a drop below $2.30.
Will the Bulls continue?In the past 24 hours, MANA has broken resistance, converted it to support, and is heading towards $3 after slight resistance at $2.88. Should bulls continue, MANA has a little resistance at $3.14, and significant work to do at $3.23, $3.90, $4.43. Many attribute MANA's initial spike because it "sounded" like Meta when FB changed names. This definitely brought attention to the asset, slid with Meta's recent earnings report but has since broken away into an ascending channel. The C&H pattern will break this short-term ascending channel, finding confluence with the 50MA around $2.98. It looks like BTC should be breaking $38k soon too. This is not financial advice.
MANA/USDHello Guys,
I will be glad if you write your opinion & feedback in the comment box.
Today we will discuss coin #MANA. Mana is Trading in between 1.7$ to 2.7$. it's the beginning of Impulsive Wave 5. I am sure the end of the corrective wave is 1.7.
if you wanna a big profit you should accumulate around 1.7$ to 2$ & keep your target around 7$ to 12&.
The most important this is you should start booking your profit after 7$ & up to 12$.
After that, a big corrective wave will start & it would be around 80% Negative. (Invalidation in case of any major improvement in metaverse & adaptation.
Thank you Guys & hope you will enjoy this big trade.
MANA 35%-56% Rally!If BTC behaves, nothing is stopping MANA from rallying 35% or 56%, depending upon which path it follows. I put the Fib chart up, as I think MANA will face some resistance at $3.31. The C&H has a target of $3.90 (purple). The target from the massive descending wedge is $4.41 (green), 56% above today's high and 73% above the breakout. These targets both line up with the resistance lines (red dot) that I drew back on January 3rd which gives some confluence to these patterns' formation. There may be some typical resistance around $3.50 as well. RSI is 53 on the daily chart, with plenty of room to run. MANA may test support at $2.50, top of the channel it just broke, before heading up? These are just ideas and not financial advice. I'm looking for BTC to break $40k and $42k to be a catalyst for this rally.
Still on track I love MATIC. I remember researching it back in early 2020, trading it around .017....liquidated it...some millionaire teen from England was moving millions from BTC and ETH over to the project and I just put my standard test amount of $3k at a dip to .013, watched it drop to .011, pit in my stomach grew, but let it ride until I received a notification a couple of months later when it sold at my .25 target...and of course, it spiked to .54 a week later...and then exploded. It is a great project and one of the earlier ones that I felt had more application than the other coins with low market capital at the time. I've been wanting to get back into MATIC, and finally took advantage of the last big dip, catching it at $1.35, above it's $1.30 bottom, upping my investment as it has proven itself as a major player. I'm not going to sell it this time around. Just going to trade it like crazy...I like its relative predictability. It's just a good product with real intrinsic value.
As I indicated in a reply to viewer @majinjoe in the hour following my last post, the potential for a small dip to $1.50-$1.55. MATIC dipped to find good support at $1.53 area this morning. The C&H target doesn't necessarily change. How we get there does, slightly. I kept the old lines, added shorter-term targets to the chart and then a couple more should I have time to watch it like a hawk. One reason for me to watch closely is the forever potential for a downside. It is always important to be prepared. I don't really see anything crazy but will watch the potential for the formation of the descending channel in RED. I won't get spooked if it drops from the current 1.59 back to 1.54, creating a little "W" on its way back up to the resistance (15min chart). My short-term targets are $1.85, $1.96, $2.11-$2.15, and $2.19...followed by potential for $2.45 and $3.05. I don't recommend trading all of these levels because this is not financial advice...and they are risky trades. I've been keeping extremely tight Stop Losses these days and my MATIC is actually above what I paid for it @ $1.4498 and will surely buy back in @ $1.35, accumulating an extra 1000 tokens. Good luck.
MANA Decentraland: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Decentraland (MANAUSD).
The chart is self-explanatory. Please review the chart for all my notes.
Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI, Resistance Zone, Ichimoku Cloud, Volume, Simple Moving Average.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
I have a bunch of additional recent charts below on cryptocurrencies to review. Check them out!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
MANA/USDT SHORT SETUP!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this MANA/USDT technical analysis update. MANA breaks down from the descending triangle in the daily time frame and currently retesting it. I'm expecting a nice drop from here.
Entry range:- $2.4-$2.5
Target1:- $2.1
Target2:- $1.7
Target3:- $1.4
Target4:- $1.1
SL:- If the daily candle closes above $2.5 then I'll exit.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Almost done with the right shoulder completion. MANA imminent. As I’ve stated across the board, MANA, like the rest, is currently perfectly drawing us a Head and Shoulders that spans quite some time. We are nearly to the last burst upward to 2.8-3.0 before the waterfall. Set stop losses. Do your due diligence. This is not financial advice.
MANAUSDT_2022-01-31_17-36-21Hello Guys,
Before we start discussion i would be glad if you share your feedback in comments & ask for any coin for analysis.
Mana is climbing up continuously toward its Upside & now reached its resistance
If Mana breakout its resistance then will go up 1.7$
incase Mana break its support then will go directly to 1.5$
so we can make a profit on both sides by opening long & short trade.
So enjoy good trade & say me thanks.
MANA, false breakout as a good selling opportunity!A key level can be identified on the MANA chart. The price broke through this level, but immediately closed below this level. This is a false breakout. You can also note the large volume at the top. This is a negative signal. Therefore, a false breakout can be a good opportunity to open a sell position.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.