MANAUSD trade ideas
Possible rising for MANA The kumo cloud is thin then we can see a strong trend
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there is a huge space around lagging span
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The base line has been flat for a few days
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The distance between price and base line is less than 300 pips
#MANAUSDThe selling pressure seems to be high and the correction process to the resistance area causes a fall again
MANA bounced from my support zone; waiting for follow-up candleUpdate from a previous post.
MANA finally reached my green support zone & bounced. If there will be a follow-up candle tomorrow, this may most probably be the bottom reversal process in play. Set tight cutloss in case it falls more.
Not trading advice
MANA could go back to absolute support with btc pullbackFOMC meeting is soon.
BTC might face volitality and there might be a blood bath of down wicks tomorrow and next two days. if the BTC breaks the support it could direclty fall back to 37k taking all other coins with it down. This is a scenario for BTC's down wicks if reaches 37k or below.
MANA's FIB retracement is the last support to collect liqudity and pullback up to 20% atleast
Trading responsibly.
DYOR
MANA ANALYSISDecentraland is a 3D virtual world browser-based platform. Users may buy virtual plots of land in the platform as NFTs via the MANA cryptocurrency, which uses the Ethereum blockchain. It was opened to the public in February 2020, and is overseen by the nonprofit Decentraland Foundation.
Mana / Decentraland Long / Target 30$Mana / Decentraland Long / Target 30$
Nice ascending channel! Hope pattern will continue
MANA Strong resistanceMANA found strong resistance at $2.77, in the last 7 days. Price action suggests a further fall before the pump.
Decentraland is one of the Kings in Metaverse, so I will be not surprised if we see a 10X, in the long run, of course.
To go long, wait for a possible correction at $2.29 - 2.19.
If price don’t reach these levels a nice entry is between $2.82 – 2.72, when price break and retest this zone.
Investing is a probability game.
Try for consistency, there is no perfection in this.
Not financial advice. Always do your own research.
MANA DECENTRALAND 22% LONG OPPURTUNITYUnder the TAE framework (Trend, Area of Value,Entry) for entering a trade,we can see this chart meets the three requirements.
Let me explain. We can see the 200MA acting as support / base for the short term uptrend.That is the ''T'' part. Area of value is the white long line where resistance is 3.34$ ,that serves as ''A'' .
''E'' is for entry if you are trading on pattern ,we can see the last leg of the inverse head and shoulder has given us a clue for what is to come next.That would serve as our entry.
Goodluck riding this trade
Metaverse tokens are trending Following the argument listed in the analysis made on the Sandbox would this also imply that Decentraland would be trending upwards.
Entry Price: roughly 2.66
Stop loss: 2.57
Price 1: 3.52
Price 2: 3.98
Price 3: 5.02
RSI and MACD are opening upwards and are preparing to move upwards along the KC.
This is not financial advice.
MANA predictionAs we can see by the technical analysis, Falling wedge has already broken out and buyers squeezing the price. In my opinion, It will be going up to first target that is symbolized TP.
Mana Entry Point / Take Profit ENTRY POINT $2.9
TP 1 $8.49 (201%)
TP2 $10.26 (274%)
TP3 $12.28 (350%)
TP4 $13.70 (400%)
n.34 ranking
$5B market cap
MANA Where have you been?MANA is about to signal a golden cross and the daily time frame (along with many other crypto tokens).
First target is $3.50 and second is $4.00
Good Luck
MANA/USDI'm setup on MANAUSD is almost done do we say Many retracements but we on the move now almost to our TP
I will not burn my hands to it.. Folks,
Here it is the chart on Mana also known als Decentraland...
This is my view and my learnings.. I only look for price action and will never use any (fancy) indicators or even volume..
I don't believe in it..
Every bar has it's own story to tell and it is for you to unlock it..
Feel free to comment, share and make sure you follow me for updates..
$MANAUSDT (Decentraland) Potential Trade Set Up0.5 retracements and below are entries. TPs when it hits the green fib lines.
Decentraland SwingMANAUSD Short/Midterm Swing Projection
TRR: Trading Range Resistance, TRM: Trading Range Midpoint, TRS: Trading Range Support
Preliminary Entry: My Original Entry Point (Prior to any DCA /Average Down Action)
TP Limit Sell Range: Estimated Target Zone for Limit Sell/Profit Taking
dem+: Predominance of Demand, sup+: Predominance of Supply
Invalid: Estimated Stop Zone & Trade Invalidation Range
*Not Financial Advice, DYOR
Please Allow 2-14 Days for Swing
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MANAUSD UPDATEWe can see price ranging in between the rectangles we wait for a breakout either to the upside or the down side but my bias is bullish
Mana long$MANA broke through the resistance level after the month-long accumulation period. Trading in the area of 2.30$ - 2.5$ was followed by the big volume spikes. After the breakout, bullish movement to resistance level at 2,88$ is expected to happen.
