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MANAUSD trade ideas

Mana to $7 or $3 first ?Hello all. Interesting pattern formation for mana both on daily and on the 4hr charts. We have a descending channel which can play as a bull flag and put us around $7. On the other hand, we have formed a descending triangle which is a bearish pattern. The measured move for this patter is approximately 35% which will put us at around $3 range. This level corresponds with the 50 EMA on the daily also with the fib gold pocket. Definitely interesting to watch since we have bearish and bullish sentiment going on. Keep an eye on it. Super bullish long term and buying more. Top of the ascending channel sits around $7 which we will reach very soon no matter what. Thanks for reading and stay tuned. Enjoy.
COINBASE:MANAUSD
by EdgarTigranyan
1
Virtual vs Real Estate - $MANA vs US/Chinese Real-EstateIt's always been a dream of mine to have a creative space where artists, intellectuals, entrepreneurs and activists could congregate and meet. High costs of living made this impossible but we might be able to do something similar in the #metaverse, which is the next best thing. I've already seen some amazing stuff in Decentraland and Cryptovoxels despite it being very early. Very bullish on the direction the metaverse is going in right now. Once royalties and distribution of #NFTs get streamlined, there's no telling how big this thing could get. IRL, artists have already been displaced many times due to NIMBYism and a society that just can't be bothered to give creatives the decency of basic infrastructure and services. #Crypto gives a low-cost option of selling their work in ways that Web2 failed to do. So the goal of NFTs, Metaverse, and crypto-based creative projects should be to make as much cool things as possible, to draw attention away from traditional arts/entertainment venues and brick-n-mortar museums/galleries to shift demand towards these mediums over IRL ones. Real-estate prices are way overinflated right now due to decades of NIMBYism, mismanagement and corruption in the appraisal process and is waiting to pop any day now. The metaverse may be just the thing needed to accelerate that pop. This is good for most people, as a whole. Ignore the talking heads saying that a real-estate crash would hurt the poor. That type of trickle-down BS is what got us into our current situation to begin with and should be dismissed entirely. A deflated housing market will reduce rents and homelessness - it's just math. So in a way, the metaverse IS the market correction in the IRL real-estate market that we've been waiting for. Induced demand goes digital, countering the artificial scarcity of NIMBY practices in the real world, and will reach a new equilibrium of sorts after a few years. After that, it's anyone's game. But we get interesting content in the digital world while reducing rents IRL at the same time. A win-win. But my money is on $MANA, $ETH, and NFTs since they're small in size by comparison and has a lot of room to grow. That's how money is made. If you need proof, this chart showing MANA doing inversely well against the US and Chinese real-estate market right now. The US markets are printing a lot of money to keep their prices artificially high, but as inflation rises it's going to reach a point where growth will no longer be possible. And so far it's pointing in the direction that crash could result in crypto assets experiencing exponential growth as a result.
COINBASE:MANAUSDLong
by RyanTanaka
This bullishness is honestly not okay...With respect to the white, black, and yellow fibs, when paired with the flag pattern, we could look to see MANA hit ~$20 by this runs end. The price targets on the left and right denote this, and as more info for the $7 price target, once this gets broken with confirmation things should then genuinely be clear. As previously, MANA has broke down out of the bottom fib fan line, and is now straddling said line. And, as last time, this signified only the halfway point for the bull run. This bottom fib fan line has also ran straight through the last two noticeable runs to the upside, and I assume we could safely project so into the future, especially with this coins background. Note the two black trend lines, where the second is just like the first, representing the said initial flagpole. The second trend line clearly provides the support for the potential upcoming drop to ~$3.10, circled in red; The drop on this run would drop down to the 2 fib, whereas before, on the first, it dropped to the 1 fib. Lastly, both MMCrypto and BitBoy have claimed MANA, and a few other metaverse coins, will 100x, which is denoted by the right most price measurement, and, funnily enough, lands right around the 4.618 for the black fib which denotes the flag; for the other two fibs it is the 3.618 and 3.272. I assumed the 10000 percent from where we are now, but if we assume from the beginning of this run then it lands at around $80 on the 3.618 (black) and in the ranges of the 3 (white) and 2.618 (yellow). Here is the link to the youtube video I am referencing for the 100x: www.youtube.com
BINANCE:MANAUSDLong
by Elijah144