MANAUSD Cycle may need to make one last low before rallyingDecentraland (MANAUSD) has been unable to break above the 1W MA50 (blue trend-line) despite January's rise (led at large by Bitcoin). This draws heavy comparisons with the previous Cycle, which on March and June 2019 failed also to break above the 1W MA50 despite a March rally and instead dropped to the 1.236 Fibonacci extension, which was a Lower Low for the Bear Cycle and the final bottom.
The 1W RSI pattern confirms those similarities and even though MANA doesn't have to decline as low as the 1.236 Fib again (which is at 0.1420), we have to consider the high probability that the bottom is not in. Of course breaking and closing above the 1W MA50 invalidates that and sets the market on a Bull Cycle track. Technically the closing above the 1W MA100 (green trend-line) kick starts the parabolic part of the Bull Cycle.
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Mana
🔥MATIC's Next Big Move: Navigating the $0.77-0.84 Value Area🔥Hi, friends! Matic is going to test the $0.77-0.84 value area. It's a huge value area that possibly can be a great support for the price.
📊 TRADING PLAN FOR MATIC:
1. false breakout of the previous low
2. volume growth
3. squeeze to the trendline
4. bullish BTC is a must-have for altcoins to grow
✅ THE MAIN TARGETS FOR MATIC:
🔥 $1.04 - the local high and even number
🔥 $1.25 - the local high and ket level
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
🔥CARDANO (ADA): SHOW YOU THE BEST ENTRY POINT TO LONG🔥Hi, friends! Cardano falls to the $0.38-0.39 value area and the price still holds inside it. If the price fall below this value area and returns inside, it will be a strong bullish signal.
📊 TRADING PLAN FOR ADA:
🔥 liquidity collection below the $0.38-0.39 value area
🔥 false breakout
🔥 volume growth
🔥 bullish BTC is a must-have for altcoin's growth
✅ MY TARGETS FOR ADA:
1. $0.42 - the key level
2. $0.46 - the key level and local high
3. $0.5 - the trendline 4th point
💻Friends, press the "boost"🚀 button, write comments, and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
🚀 MANA TRIANGLE BREAKOUT INCOMING? KEY LEVEL AT $0.48! 📈 🔥Hi, friends! Mana is consolidating inside a huge triangle since mid-January. I think it's time for this altcoin to show all its strength.
The most important key level is at $0.48. The false breakout of it will be a huge trigger for MANA growth.
📊 TRADING PLAN FOR MANA:
1. false breakout of the key level $0.48
2. volume growth
3. bullish BTC is a must-have for altcoins growth
✅ MY TARGETS FOR MANA:
🔥 $0.58-0.62 - the value area
🔥 $0.7 - the key level
🔥 $0.85 - the local high
💻Friends, press the "boost"🚀 button, write comments, and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Decentraland: Crab 🦀Like a crab, Decentraland is predominantly moving sidewards just above the support at $0.48. Nevertheless, we expect our crypto friend to develop more upwards momentum soon so that it will be able to expand wave iii in magenta above the resistance at $0.84. However, there is a 35% chance that Decentraland could slip below the support at $0.48, thus digging itself into the magenta-colored zone between $0.49 and $0.40 to place a new low in the form of wave alt.ii in magenta first before turning upwards again.
🔥DOGE WILL PUMP BUT ONLY AFTER THIS: 3 LONG TARGETS FOR YOU🔥Hi, friends! DOGE is already not moving even when Elon writes about it. It seems like the whales are already sold it and wait until the price will fall lower to buy the coins from retail much cheaper.
📊 Now the price is squeezing to the trendline, so I expect 2 scenarios:
1. DOGE continues the growth
2. DOGE breaks down the trendline and falls to $0.072-0.078 important value area
The second scenario is much more probable for me because I expect BTC to fall lower. As you know, if BTC falls, so most altcoins fall as well.
✅ MY TARGETS FOR DOGE:
1. $ 0.10 - the key level
2. $ 0.11 - the key level and value area
3. $ 0.135 - the key level
💻Friends, press the "boost"🚀 button, write comments, and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
MANA-MANIA! Don't Miss Out!MANA is looking like its almost ready for a MASSIVE move.. At least 1000%.
We can see that we are currently in a 5 wave move higher. Wave 3 had a nice 5 subwave breakdown. We can use that framework to figure out what's next for wave 5.
Subwave 2 of wave 3 was a tight correction and we are seeing almost an identical tight correction for subwave 2 of wave 5.
Great thing about this is that we have a strict invalidation level.
Trade Idea:
- Watch for a breakout of subwave 2
- Enter with stops below the correction (or safer stops below invalidation level)
- Targets: 6, 15, 40
Goodluck and as always, trade safe!
✴️ Decentraland Hits Bottom? -95% From All-Time HighIt is possible that MANAUSDT (Decentraland) hit bottom after dropping 95% in value from its All-Time High.
The weekly RSI is at its lowest level ever and continues moving lower.
The current price hit its lowest level since February 2021.
Altcoins tend to correct between and 90-98% in bear markets so this one is very likely done.
We are seeing altcoin after altcoin hit bottom...
Once we hit bottom, the only place left to go is up.
Get ready.
Prepare... The next altcoins bull market is going to last a long while and it will be the strongest we've seen so far.
Namaste.
Mana can price to a 1$ target. 75% GainThe mana rally could start again, we saw a price going from 0.30 cents to 0.84 cents at the beginning of January. After the process, with the BTC.dom increase, the price retreated and made its correction.
From my observations, MANA whales seem to be insatiable and demanding lately. There may be a 75 percent price increase in the coming days, and it may go up to $1. Let's see the process.
TP: 1$
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MANAUSD - Plotting Future MovesA down channel can be drawn on MANA like this
The Middle line shows a nice bullish touch however on this middle line which is a sign for bulls, I expect alts to be very volatile hence the price action plotted in green.
Its kind of a head and shoulders pattern on the side if you look at it closer, linking a comparison to the H&S below
MANA: Channel Down BreakoutDecentraland (MANA) technical analysis:
Trade setup : Price broke out of trading in a Channel Down pattern, which it was consolidating in after substantial gains earlier this year. This bullish breakout from Channel Down and above $0.60 key level and 200-day moving average, could indicate Uptrend resumption with near term potential upside to $0.75.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.60, then $0.42. The nearest Resistance Zone is $0.75, then $1.00.
✴️ Decentraland | A Different PerspectiveMANAUSDT Grew by almost 200% in its initial recovery wave, that is January 2023.
This might sound like a lot but when you put this into perspective, it is actually just a tiny bit of the total growth potential... See this chart...
This is only the mid-term and the 6 months "long-term".
We consider long-term within 6 months or 6 months or longer.
When we consider the long long-term (12+ months), then we are looking at new All-Time Highs and the potential is off the chart.
And it looks bullish short-term (main chart).
Namaste.
mana/busd sell callMana/busd is rejected from resistance and heading downwards
Sell (Current market price) : 0.615
SL : 0.62
TP : 0.6085
MANA IS STILL BEARISHHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the MANA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
MANA | The breakout of a bullish flag !#MANA/USDT
Bulls were able to make a clear break out of the bullish flag pattern !! let's take this opportunity!
🟢Entry price: from now at 0.619 to 0.57
🎯Targets:
|> 0.705
|> 0.845
|> 1.03
🔴Stop-loss: Daily candle closes under 0.56
➡️Recommended risk: 0.25%
➡️Recommended total Positions Size: 3%
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