Bitcoin [BTC] - Decision Area! This will determine what's next..After dropping to this Support/Demand area... Bitcoin has hung around the past couple of days. If it was going to continue up, we would be out of this area by now. This is the time for Bitcoin to make a strong statement if we are going to continue up soon. If we keep hanging around this area... or worse... drop below the previous low on the dip, this could drag out for a couple of more weeks. Anyone who has been invested in crypto over the past year or longer understands how it goes.... HODL through the strorm.... diamond hands always prevail. Not financial advice.
Mana
Mana throwback then bounce$mana #Decentraland Looks like $sand. Retest in progress and close above 4.1 would signal move to the upside with 49% to ATH potential.
Possible path based on fib levels listed.
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Top 10 trading tips:
1. DO NOT FOMO into PUMPs.
2. Set a strategy and be consistent. The more you use the same strategy with the same $$$ amounts, you will be able to identify the winning set ups quicker and you will need to win less trades to be profitable over time.
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, make you know your target (or take profit target and let the rest ride) 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. It is hard to deal with emotions when trading, set parameters up front so you keep your self accountable. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Use multiple indicators to confirm your TA on price action.
10. Only trade what you are willing to lose. It will be hard to trade without emotions.
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!
$BTC Started to Fall Excatly as i predicted ...As we expected, the price has started to fall exactly according to the previous analysis ... The bearish targets are $ 47,700 and $ 46,500, respectively.
Note that the two levels mentioned above are potential Reversal Zone (PRZ) , and if this support range is lost , the next targets will be $ 44,400 and $ 43,000 .
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
📅 09.DEC.2021
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
MANA consolidation phase in 1hAfter checking a couple of timeframes i found som key points in chart, even that we can see 2 rejection attemps in bullish moves so for now we can just wait for "zona de compra 1, 2" (buy zone 1,2) on order to have any earnings in a LONG but again we need to wait because consolidations can broke your LONG/SHORT position.
MANA 30% move incomingHello all. There is no major change in mana chart since my last update so i will keep this short.
Mana has formed a symmetrical triangle which is more vivd on the 4hr chart. This pattern has equal chances of breaking upside or downside. The apex of the triangle is very close, and will break on or around December 10th.
Depending on BTC's performance, Mana will either break up towards the fib golden pocket, or retest the previous low.
But what an over sold RSI we have on the daily. Makes me want to open more longs.
Mana also trades above the purple resistance line of the descending channel and above the 50 day EMA.
I see equal chances of breaking upside or downside so be cautious on this one.
Check out my other charts on mana if you missed my previous updates.
Thanks for reading, and stay tuned. Enjoy.
$Mana Daily LongHi
So on my previous chart, Mana moved to 3.6 area
Now if we manage to consolidate, we can see a really good pump, otherwise if we lose 3.5 we'd be looking at 2.4-2.6 zone
Still learning and trying things that's why I added the Eliot wave, don't really know if it should work that way
Trade Safe
DYOR
Decentraland Analysis [November 14, 2021]AB=CD pattern, Fibonacci retracement tool were greatly implemented in analyzing this one (1) day candlestick timeframe (TF) chart.
The picture explains it all.
AB = CD pattern & FIB are saying take profit around $6.6 zone.
At carefully observing the price action, an almost concluded symmetric triangle and a bullish flag pattern can be seen in formation.
Feel free to comment.
Kindly note this is not a financial advice. As we know, the cryptoverse is a highly volatile world. Do your due diligence.
MANAUSDT Price UpdateMANA after falling down as same as other cryptocurrencies right now I think it's ranging inside a symmetrical triangle. and we could go lower because in a bigger view we can see it forming falling wedge pattern and it can be the reason to break the triangle to the downside than to break it to the upside. and if this happens it will confirm the falling wedge pattern. till it holds the price above the support line.
so based on these patterns we are likely to go down for short time and then go up.
Will $ETH Reach to a new ATH ?Examining the #ETH chart in daily timeframe , we see that the price is still recovering more strongly than Bitcoin, and also that today it has reached an important level of resistance , which if this X-Point resistance breaks , we can expect the price to grow. Our Target Will Be $ 4700, $ 4890 and $ 5264, respectively.
$ETH is currently trading at $ 4350 after falling to $ 3500 with a 25% increase .
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
📅 08.DEC.2021
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
$Mana correction, consolidate then pumpHi / Hola
So, here's my take on Mana, took some profit at the top, looks like it is losing momentum, if $4.5 -$4.6 is lost then we are in for a pull back first to 4.20 then to 3.5-3.6
After that I think it need to consolidate a bit before a new pump to ATH looking for at least $6.5
Let's see how things develop
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Aqui mi opinon sobre Mana, tome ganancias en el top, ahora parece que esta perdiendo momento si se pierde $4.5-$4.6 caera primero a 4.20 despues a 3.5-3.6.
Despues de eso creo que debe consolidar un poco antes de un nuevo pump para su ATH dond espero de menos alcance $6.5
Trade Safe and have a great week / excelente semana a todos!
The chart said Bullish for MANAHi guys! I hope you guys took advantage to buy some more when it was dipping in the past 6 days. With the previous history data for the MANA chart, All bearish downtrends with a breakout would most likely guarantee a strong bullish movement to break the previous ATH. If the previous ATH is at $4.9, the MANA price would drop as low as $2.2 which is 55.1% of the original ATH and a strong Bullish movement started to take shape as we have seen in 4 consecutive movements (1,2,3,4).
The Current ATH is $5.89 which would lead to a drop to $2.5 which is a 57.6% drop from the original ATH. This is way lower than the percentage of the previous drop which was supposed to be $2.8 (the RSI shown unprecedented bottom in red circle). I think this is caused by the BTC effect, which would facilitate the dip back to the original affordable range for more accumulation within 1 bearish movement instead of 2 movements. The question here is that would the market psychology agree with this flash crash or would it require a longer sideways before it can break the trend? Most likely I think it has already broken the trend, however, we still need to see the leg of this parabolic curve (labeled yellow). If the leg is much lower than the $3.3 then most likely the trend would try to retest the $2.8 range which is correct with the trend without the BTC effect. However, if the leg is much higher than $3.3, then we are most likely seeing a very strong breakout for the next Bullish run!
Remember to be fearless when people scare and be scared when people are greedy!
This is not financial advice but my perception of the current market movement!
MANA - why the drop happened?It's Black Friday coming to the market today. A lot of coins lost more than 10% in just a few hours. So many people were asking when to buy MANA and SAND. On our platforms, we warned against buying these coins.
At the very top of the chart, a head and shoulders reversal pattern was formed. Behind the rules, opening a position after a breakdown and the target is equal to the height of the head. Based on the rules, the price can reach the lower liquidity area.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Watch out! MANA is forming a rising wedge (Bearish)BINANCE:MANAUSD is forming a rising wedge which typically has bearish implications. If it breaks down from here and gives a daily close below the lower channel line of the wedge then prices may potentially fall below 2. No harm done till the channel isn't broken on a closing basis. Keep an eye!
MANA looking bullish. $5 next.Hello all. There is no significant change in mana chart since my last update so i will keep this short. You can read more in my previous post attached below.
Looking at MANA on daily chart, the stochastic rsi is in the over sold territory which is a bullish sign. Mana trades inside the ascending channel and can retest the top of the channel (resistance line) at around $5.9 which was is the current all time high.
Mana also manages to remain above the previous high over $3.5, and also above the 50 day EMA. Candle wicks indicate that mana gets bought once it tries pushing below $3.5.This means that mana found strong support at $3.5 and right at the 50 EMA.
Mana will reach $4 this week due to the bullish sentiment i see in the market.
Check out the link below if you missed the drop.
Thanks for reading, and stay tuned. Enjoy.