Mana
$ETH analysis in 4H TF : 12.15.21Examining #ETHEREUM chart in 4-hour timeframe, we see that the price has lost its first static support and is now pullback to the broken level . If the bitcoin's bearish scenario confirm , we can expect the price to fall to lower levels of $ 3,500, $ 3,300 and $ 3,000. Otherwise, with the break of the descending channel, the uptrend can continue in the mid-term and the price can see the higher levels, such as $ 4,800 and even $ 5,000.
Bearish Scenario of #BITCOIN :
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👤 Arman Shaban : @ArmanShabanTrading
📅 15.DEC.2021
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Breakout EminentWhen analysts put out ideas, not financial advice, we are listing scenarios and then we see how they play out. I put a few up yesterday and it looks like the initial one is in the cards. I still don't think there is enough historical data to demand the lower numbers in the sub $2.50 range...but anything is possible. I did indicate another dip to the low $1.90's. This morning, the support line of the micro descending channel that began on the 13th intersected with the support of the descending wedge, bouncing the price to break out of the upper resistance of the channel. Is this it? We don't know for sure but so far so good. It hit short-term resistance and muscled through, currently on its way to the upper trend line of the descending wedge. Should it break out around $3.45, there is a light resistance at the upper end of the macro descending channel. Based upon the descending wedge, and timing of the breakout, the target price corresponds to wicking just above the Fib .618 ($4.64).
ETHEREUM [ ETH ] - Value Areas (FOMC + possible Whale dump)I'm removing my BULL shades and BULLISH bias for a moment to consider that possibility that ETH may fall further. After the FOMC announcements today, if it's bad news, I can see Whales taking advantage of it by doing one final dump on Bitcoin and Ethereum. If this were to happen, I see these value areas on Ethereum. If there is no reaction, however, then it should be business as usually and we go sideways or up here on Ethereum.
another spin on earlier post.The only thing that loves cup and handles more than me is probably MANA. I turned that inverse H&S (green) right into a C&H and it leads into another (purple solid). Should it pick up momentum, it can easily turn into the dashed extension (purple dash). Be careful. This isn't financial advice.
MANAUSDT - is ready to pumpBYBIT:MANAUSDT
1H trend chart
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MANA is building a possible double bottom and already broke the trend line.
Also, neckline(orange line) is going to be taken out now.
If price can keep standing here, trading strategy as below.
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Profit Targets:
a) 3.2785~3.3035----Fib(1.272~1.382)
b) 3.3295----Fib(1.5)
c) 3.4420----Fib(2)
Stop losses:
a) 3.1020-----Red horizontal ray
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SAND is 2021's top performing cryptoSAND is one of the top performing cryptocurrencies for 2021.
Since Facebook announced its rebranding as Meta on October 29, SAND has shot into crypto fame and rallied more than 600% by November 24. It is estimated that if you bought $500 of Sandbox on January 1, it would now be worth over $73,000.
SAND is the native token of The Sandbox, a game that is very similar to Decentraland which recently opened the doors of its Metaverse. Unlike Decentraland, it has not yet fully launched its virtual world to the general public but only to a select group of 5,000 users who have the chance to earn up to 1,000 SAND and three exclusive NFTs. Players can purchase land and create non fungible tokens (NFT) within the game and earn the Sandbox token (SAND) by completing various quests.
The Sandbox has announced a number of famous partnerships which include The Smurfs, Atari, the Walking Dead, Adidas, and Snoop Dogg. It was recently reported that someone paid $450k to be Snoop Dogg's neighbour on The Sandbox Metaverse.
NFT-linked cryptocurrencies were the best performing group of digital assets in November, as the interest in the Metaverse keeps growing. Will Metaverse tokens explode in 2022?
It's a good moment to give meta tokens like SAND some thought.
MANA IS Right at DEMAND Area!!!I love it when we are near ICHI clouds right at Demand area.
This is big support right here.
correction wave right into that demand.
Also we have EMA50 support.
RSI broke trendline and we have nice HD (hidden divergence) on RSI.
Everything is lined up.
Price may play around alit but overall its super bullish.
Good trade.
Entry: 3.2-3.5
Targets:
1) 4.3
2) 5
3) 6
4) 7.2
5) 9
SL: 2.9
MANA could be headed to $3Anything could happen, and we could reverse at any time, but MANA seems to be breaking down from this symmetrical triangle, and could re-test the $3 range. "metaverse" coins are a hot play, but the chart is showing weakness to me.
This is not financial advice, do your own research
MANAUSDT - is going to pump?BYBIT:MANAUSDT
1H trend chart
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MANA had gotten resistance at Fib 0.5, but already broke it out and being support level now.
Also, it got rid of the downtrend line, and we can take entry here(with tight SL),
Another entry scenario is that wait it to retest the key level
If we open position here, trading strategy as below.
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Profit Targets:
a) 3.5681----Fib(0.5)
b) 3.89----Blue horizontal ray
Stop losses:
a) 3.310-----Red horizontal ray
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If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
MANA testing supportMANA has been falling in price for a long time, this is due to the situation with BTC, the strong influence of BTC often changes the trend of other cryptocurrencies, so you need to use stop loss
Bull run only mid-way?Each colored 'X' represents a point before a significant increase that retraces to its original price. 2017, 2019, 2020, 2021, 2021 show that as the crypto space grows, the frequency of pumps does as well. I don't believe that crypto winter will always be the same. How would we know the length without data? More than that, time as a function is pretty ambiguous in a bull or bear market. What does matter is growth and interest. The chart shows the industry is growing fast, and the amount of money shows the interest. There are cooling-off periods, and from this chart, those cooling-off periods are becoming shorter and shorter. Furthermore, the impulses don't have to be proportionate. I want to know when the Bull run is coming to an end so I can prepare. I am definitely not the type to think that "hoping" will have any impact on the market...because that is how you miss the peak. If anything, I tend to trade conservatively, missing the top few percent of any major trade. Too much data points to BTC Bull run ending in Aprilish and Alt-season extending through August. You may have to scroll to 2017 and this is definitely not financial advice.
Bearish short term but Bullish long termWe saw from my last analysis when I said we may revisit the $3.2 range. However, during the dumping time with BTC downside, and all senate talk about future of crypto, there are many things people have let it slide away.
Decentraland just is the Patron of Blender Development Fund, the Blender is the major 3D model creator that is free for use by anyone under GNU. Meaning you can legally use the software to create any figures or anything and sell it without string attached to the Blender. If you saw the NFT hype, then you would need to understand the underlying violation of copyright and the right of usage of certain software to bale to make monetize out of it. It is basically a strong legal battle that surely uncle Sam/ big Coop will win if you accidentally use the crack software or non-commercial software to create the NFT for monetization. Blender is the one under GNU licencing which is free for most of the meaning of usage. So Decentraland is the supporter of Blender which facilitate the growth of NFT items in the metaverse.
Decentraland just pumps out the Golf course in the Vegas City within Decentraland. Here not only you can gamble but practice your golf skill with your VR set.
Decentraland can take any NFT to be put into their world. One of the main reasons for the Nov 30 run of MANA is because SAND items were ported into the Decentraland world and used for the festival event.
And here we are at the spot where MANA is going lower than $4 after an attempt to go higher. I would consider this is a long position where the MANA might try to break the trend downward, but as it gets lower, it is a better price to accumulate for the next bull run!
This is not financial advice, but my perspective of the current trend of Decentraland!
MANA (Decentraland): 10.DEC.2021 (HODL)Examining the #MANA , we see that the price has reached a strong support range and is one of the lowest risk cryptocurrencies on the market for investment. I suggest you have a personal review on it for buying and invest and if you already have it, I suggest you to keep it (HODL) .
MANA Price Live Data
The live Decentraland price today is $3.49 USD with a 24-hour trading volume of $985,615,790 USD. We update our MANA to USD price in real-time. Decentraland is down 4.51% in the last 24 hours. The current CoinMarketCap ranking is #27, with a live market cap of $6,375,120,502 USD. It has a circulating supply of 1,824,595,435 MANA coins and the max. supply is not available.
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 10.DEC.2021
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
SANDUSDT (SANDBOX) : 10.DEC.2021 (HODL)Examining the #SANDBOX , we see that the price has reached a strong support range and is one of the lowest risk cryptocurrencies on the market for investment. I suggest you have a personal review on it for buying and invest and if you already have it, I suggest you to keep it (HODL) .
SAND Price Live Data
The live The Sandbox price today is $5.25 USD with a 24-hour trading volume of $1,630,667,641 USD. We update our SAND to USD price in real-time. The Sandbox is down 2.99% in the last 24 hours. The current CoinMarketCap ranking is #38, with a live market cap of $4,793,018,383 USD. It has a circulating supply of 913,364,619 SAND coins and a max. supply of 3,000,000,000 SAND coins.
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 10.DEC.2021
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
MANA- ⛔Got to Know These levels! ⏫MANA, Decentraland has been feasting on the Metaverse Hype/future but again, price is volatile so we got to knwo the levels.
Here is our updated chart with the levels you need to know.
Please also take a look at competition (Sand, Blok, Metahero and others) and do your math.
3 Reasons to Buy Decentraland if you are a fool :
Investors looking for exposure to the metaverse may want to consider Decentraland.
Key Points
Decentraland's status as a leading metaverse game could drive the adoption of MANA.
Institutional investors are attracted to Decentraland's offering, creating big price movements.
Decentraland's growth prospects may outweigh the risks for longer-term investors bullish on the metaverse.
One Love,
the FXPROFESSOR
(The professor prefers SAND and Metahero)