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Mana

Minor retrace to support?This chart reviews how we got to where we are today. The Inverse H&S reached its target then dropped to the Fib .382. I put my buy at the .5 Fib. slightly panicked, all for not. From last week's low to the .382 Fib, a new baseline has been drawn. MANA has formed a symmetrical triangle and broken out and is forming a smaller one now. There could be a short-term trend change forming in a bearish ascending wedge (BLUE) that would have a target, not coincidently, at the RED support line. I am keeping an eye on 3 moves. 1. breaking the upper BLUE line and continuing with the ascending channel...or failing and returning to RED line, wherever that may be. 2. breaking the lower BLUE line, finding support at the lower GREEN ascending channel and continuing higher. 3. breaking from the small triangle that is forming with a target of $2.50, which, not coincidently, lines up with the center of the GREEN ascending wedge. 4. This is not financial advice.
MLong
by keykomg
Process of Elimination...Mana moving up!Yesterday MANA was showing three potential paths upwards, all ascending channels. Now we can eliminate the Blue and Pink channels, left with the green. WARNING: Should MANA hit $2.04 before rising to $2.28ish, I am keeping an eye on a Head and Shoulders pattern that would have a target back down in the $1.80's. Kinda hopeful for that because it would make a great trade...but not financial advice because it would be, in my opinion, a very risky trade. So, I have alerts set at $2.05 and $2.25, will reassess when one of them goes off. My hunch is that there seems to be enough support, leaving wicks on lower time frames, at the bottom of the channel (around $2.10 at the time of this analysis). Good luck. The Fed. seems inconsequential for the month ahead. BTC is still flirting with the $35k range.
MLong
by keykomg
Decentraland - Just A Thought, If BTC Goes Lower (MANA/USDT)Just a thought, if BTC goes lower. Bear market until mid 2022? Who knows, but wht we do know, is if BTC drops lower, Alts will follow, with more pain. MANA is not exempt from this, Weekly: - Falling wedge - Lower support looks like it wants a retest. - Overall bearish, and papa BTC seems just as uncertain. IF BTC rallies, expect alts including Mana to follow, likewise, if BTC goes bear, so does MANA. Good short oppertunity? Perhaps.
Long
by ObamaBinLyin
MANA - Good Entry LevelsMANA chart looking Good to us. Could Decentraland Dominate the Metaverse? What does this metaverse crypto have in store? Decentraland (CRYPTO:MANA) could be a leader in the race for metaverse market share. This discussion took place on the Jan. 12 edition of "The Crypto Show" on Backstage Pass. Before you consider Decentraland, you'll want to hear this. I don't think Decantraland will rule the Metaverse but I like my chart. Remember to take profits at recomended targets and use stop losses below support. One Love, the FXPROFESSOR
Long
by FX_Professor
Inverse Head & Shoulders or ?...MANA is completing an Inverted Head and Shoulders pattern with a price target of +15% (around $2.44). It should follow the Green ascending channel as it makes this rebound. It won't make up for the recent tank, but at least it is in the positive direction. Will it hold? We shall see. If MANA doesn't break out as the pattern indicates, I assume it will continue consolidating between an ascending channel between $1.87 and $2.30 as seen in the Blue ascending channel (or finding support around $2.07 and consolidating between that and $2.20 as shown in the Pink channel). Keep an eye on the 50MA in relation to the 100MA...they're beginning to flirt a little bit with only 1.8% separating them. We do not want to see them cross over on the daily chart. On shorter time frames, this relationship looks a lot better. Since there has been an extended downtrend, it is only natural that the 50MA and 100MA are getting so close. MACD looks fine and of course, the Stoch RSI is rock bottom, which indicates less selling pressure. In the end, it all comes down to BTC. BTC is not forming an Inverted H&S but is moving in a positive direction. I am keeping an eye on BTC breaking $39k. Should BTC get rejected there, besides the normal resistance, BTC will continue forming a bearish ascending wedge, giving BTC a return to the $31k range, undoubtedly dragging the market with it. Sit tight as finding support at $29-$31k is healthy and has been expected for several months. Should BTC break $39k, the next level to break is big @ $42k. I would actually prefer to see BTC test $35250ish first, creating more of an ascending channel versus trying to break out of an ascending wedge. This isn't financial advice. Good luck. Also note that MANA will sometimes break away from BTC for short periods so this short-term potential 15% increase may not be affected should BTC explore $35k. That being said, what BTC does between $29k and $31k will definitely affect the overall market. If BTC bounces, so will MANA, if it loses its footing at $29k, I anticipate MANA dropping to $1.25 or even lower to around $0.95. Again, not financial advice, just what I am reading from the chart for a potential short-term recovery, including an equally realistic path to lower numbers.
MLong
by keykomg
6
Potential Long SetupInverse HnS target listed with more room to run until next major resistance. This is a good set up if it can close above neckline at 2.14. Keep an eye on $btc though because it can cause this to fail quick. —————————————————————————————— Top 10 trading tips: 1. DO NOT FOMO into a trade. Let it come to you. Don’t force it. 2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind. 3. Let your winners run and cut your losers short. 4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win! 5. Before you enter a trade, know your target AND your exit strategy. 6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven. 7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc) 8. Don't fight the trend. The trend is your friend. 9. Don’t enter a trade based on one indicator. 10. Horizontals > Diagonals Please note: - This is not financial advice. - I do not take every trade I post. - Never trade off of someone else's chart until you DYOR!
by DaCryptologist
2
🔥 MANA Huge Bounce OpportunityLike the majority of crypto, MANA has seen some consolidation over the last 2 days. However, there's still more downside risk for this token. The lower support is still 20%-30% away, so I'd be patient for MANA. BTC is still in a longer-term bearish trend, so no rush to step in the market. Might very well be the case that MANA will not reach the yellow marked area on the chart in case we bounce from here, just pointing out an important area where we can expect some kind of bounce. Happy trading!
by FieryTrading
10
What's the big deal?A big part of trading in the crypto space is patience. As more technology is developed and BTC becomes more antiquated in comparison, the growing pains are par for the course given that ALTS are still attached, using BTC price as an indicator. I also don't think it is going to be as bad of a transition given Intel's new chip on the horizon? The metaverse is seeing huge institutional investment and MANA is just beginning. How it reacts to the overall market is indicative of a "newish" token. There isn't a lot of data to offer support in the current price range so it really comes down to BTC. I've been wanting BTC to hit $29k for months...just to get it over with. It may bounce off $35k in the next day...or continue down towards 29-30k? I don't see these dips as "crashes," just the evolving pattern that is still very much intact. In previous downtrends that lead to the ominous Crypto Winters (so dramatic), this industry was super speculative without a whole lot of understanding of the technology being developed, near zero adoption, and certainly lacking clear vision as to the potential of the space. People are beginning to understand, adoption and innovation is beginning to flourish. Nations and big businesses are looking toward blockchain for real solutions and industries are building in the metaverse. Today's chart is to just chill everyone out. 56% drops seem to be the magic number before a rally. The "fake out" on Jan 15/16 was disappointing but to no fault of what's actually happening in the metaverse space. Some analysts are calling for $1.5...why? Just because it was where MANA took a breather on its ascent to $5? That's stupid. What is MANA worth? I have no idea as to its intrinsic value. I do know that companies like Adidas, Nike, Samsung have done their research and feel it is worth something. We don't know where the bottom is and as I've said this before with ADA, anything under $2 is a bargain. Even at $1.50, MANA's price would still fit into the bullish descending wedge in the next few days. A drop to $1 would turn that wedge into a channel and trigger the bots to do their thing, bringing MANA back above $3 or even $5 in the short term. I used to say the same about ETH with $200, then $450, and then $2500 within a year's time...each bargain prices. It doesn't so much matter where you buy as much as where you sell. To freak out is to think MANA will never hit $6. If you don't think it will, why did you buy at $4.35? Crypto is going through its cycle and the world is watching more than ever. I'm also not worried about Biden's regulations. As much as I'm not a fan philosophically, I think it will ultimately be good for crypto investors, offering slightly more security which will lead to more innovation and adoption. Also, besides this not being financial advice, know that there are so many unknowns. People will figure out the advantages of anti-inflation and buy versus sell when the news of inflation tanks Wall Street...so yeah, some things are counterintuitive as this industry grows and people will catch on as they become more educated.
MLong
by keykomg
MY MINIMALIST CHART ANALYSIS FOR DECENTRALAND01 .21.22 1224H +8 SINGAPORE Disclaimer: The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice. This will be a good season for ENTRIES. The market has found strong support at a very bargain price for cryptos. We will be focusing on BITCOIN and ETHEREUM as our TOP CRYPTOS. As for ALTS, ADA, POLKADOT, MANA, SAND, CURVE, MATIC, and a few others. Basically, the outcome of BITCOIN, the ALTS tends to follow. So I am limiting my published ideas to a few, quality over quantity. ALERT: Looking now for an ENTRY to a short to midterm LONG SWING trade. It did hit our forecasted bearish FIB 0.618 and our measured move. On our way to a reversal of trend anytime. Based on VITAL SIGNS ( RSI, STOCH, VOL., MA VOL.) Looks healthy: 1. RSI still midway down 2. STOCHS towards LOW 3. Volume still needs a spike of SUPPLY for BUYERS to TAKE, but I am afraid a lot of HODL at this point. 4. Looking at support at 2.5 zone 5. We can then expect a strong support at the 2-2.5, right at the bottom of the MAJOR BLUE BOX, MINOR YELLOW BOX and the ENTRY AREA OF VALUE MARKER. Hoping that the market does not break any MAJOR or MINOR BOTTOM of our BOXES. Again, if it does, it will be a BUYERS MARKET and good for us all RETAILERS. Looking back months ago when the MINIMALIST BOX ANALYSIS was made. The Market had amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION, and verified by major FIB levels. Hoping that this MINIMALIST BOX CHART ANALYSIS will efficiently help you with your DYOR as we climb a NEW SWING CYCLE. INSTRUCTIONS: HOW TO USE THIS MINIMALIST CHART a.k.a (Bento Box) "FOLLOW THE WHITE RABBIT!" Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you. PUBLISHED IDEA is created on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER. It is designed for SWING TRADES at the LOWEST or START of a SWING CYCLE. Q/A : What are the BOXES for? It is a ROAD MAP for TARGET ZONES IDENTIFICATION. The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points. These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.) If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal. At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY). DYOR for your Volume , Chart Patterns, Candlestick Math, FIB COILS, Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology . Stay away from FOMO and FUD. NOTE: That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time. My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast. It is all based if the right conditions are met. Generally, it will follow the MINIMALIST BOXES. Wishing you all The Best Trades and Thank you all for your Appreciation and Support of my work. Much thanks to my 3 great mentors. They are so much of a blessing that I also wish to share my knowledge of what I was taught. Vive Le Autist! Vive Le Diamond Hands!
COINBASE:MANAUSDLong
by The_Crypto_Samurai
2