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Decentraland / TetherUS PERPETUAL CONTRACT

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MANAUSDT.P trade ideas

MANAUSD hit and bounced on the 1W MA150Decentraland (MANAUSD) is almost on a +70% rise since yesterday's Low, with the rebound coming on the 1W MA150 (red trend-line), which got hit for the first time in history. The fractal though resembles that of the mid April High both in terms of price action and 1D RSI. That sequence rebounded on the 1D MA200 (orange trend-line) instead of the 1W MA150 but as it failed to break the 1D MA50 (blue trend-line), it eventually dropped to a Lower Low below the 1D MA200. The Fibonacci level below the 1W MA150 is the 0.236 at $0.5300. As a result we believe that until the 1D MA50 breaks, which was the bullish break-out point in 2021, MANAUSD remains bearish. Notice how well those Fibonacci levels (extensions and retracements) have been accuratelly providing Resistance and Support levels these past 12 months. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
5
MANAUSDT NEXT RESISTANCE LEVEL 1.4$ ? Hello Traders, Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! - Checking our 1D TF we can see that $MANA price action has bounced strongly from support level 0.7000$ which acted before as an Support&demand pattern ( accumulation ) for a previous bullish impulse on 28 October 2021 suggesting that its a POI for many retail traders buying the asset on a discounted price . - On 4H TF $MANA just broke above level of S/R of 1.000$ - 1.1000$ , would like to see the buyers pushing towards 1.215$ showing they have the strength to trade higher as the price would be lifted towards level of 1.4000$-1.5000$ S/R level , buying pressure seems decent and this is a good sign to trade higher - Meanwhile do not forget to monitor the bitcoin movement as it's fixed above crucial S/R level 30000$ and should have a 1D candlestick closing above this level or else price will drop again towards level 27k-28K Good Luck Traders
Long
by Johnny_a88
PREPARING FOR A MANA LONG Looking at the MANA/USDT pair today, Lets get it! Chart above us shows that we have a first wave extension impulse in play. As shown by the first fibonacci tool, we found support at the .382 region marking the end of wave 2 and made new ath's at the 1.5 fib region(just under the 1.618) for a wave 3 top before clearly getting rejected as shown by the 2nd fibonacci retracement tool. Currently still in the correction phase of wave 4, MANA seems to be baiting everyone into buying and longing here, however the chart below shows us with the angles presented that this isnt the bottom and that we will most likely still go to the bottom of the ascending channel before getting a reversal for our wave 5 impulse Once we confirm our Wave 4 bottom, target for our wave 5 will be the touch of the channel resistance once more and should be inline with either the 1.9 or 2.0 fib resistance, leaving us with a price target in the range of $15-20 depending on how early we can achieve that. If you agree with this idea, leave a like and share your thoughts in the comments Feedback is always appreciated.
Long
by RektMyMom
2
MANAUSDT is testing creating a bearflag The price is testing the monthly support after a bounce on the monthly support on 1.45$ on the daily timeframe the price lost the support and now the market wants to retest it. on the 4h timeframe the price is creating a bearflag below the weekly resistance. how to approach it? IF the price is going to have a breakdown from the bearflag, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
8
MANA MACRO ANALYSIS - (DECENTRALAND)Happy New Month Everyone. We will be looking at MANA/USDT today. In our past analysis we managed to predict the drop on mana and identified areas to get into a long position, however price missed by a few digits (need to learn to market buy more often). Today we will have another go at longing mana. As you know the last analysis was based off the First Wave Extension Theory which still remains the same. You can read up on the previous analysis for more details: Current Analysis: Not much to explain really. Judging by the chart above, we can expect price to make new ath's this year around early July to September depending on how Bitcoin & Ethereum behave in weeks to come. Longest duration for price to peak was the 1st wave which having the highest %growth makes sense, followed by a correction of -77%. Wave 3&4 have had similar timeframes to conclude their tops and bottoms, as well as -70%+ corrections, so we can expect the same for wave 5. PS: I was expecting a drop to the 1.6 region in January with 1.3 being the worst case scenario, try and keep that in mind and remain on guard. Other than that, I'm happy to average in at these prices. If you agree pls leave a like and share your views as well in the comments. Feedback is always appreciated.
Long
by RektMyMom
1