Pair: MANA/BTC
Exchange: Binance
Trade Duration: Medium
Risk: Moderate
Introduction
Decentraland is a virtual reality platform powered by the Ethereum blockchain. Users can create, experience, and monetize content and applications. Land in Decentraland is permanently owned by the community, giving them full control over their creations. Users claim ownership of virtual land on a blockchain-based ledger of parcels. Landowners control what content is published to their portion of land, which is identified by a set of cartesian coordinates (x,y). Contents can range from static 3D scenes to interactive systems such as games.
Technical Analysis
- Downtrend Flipped Support
- Broke Descending Triangle + Downtrend
- RSI Breakout Confluence
- Closed Above Important Level (0.00000995)
Our Entry Zone
0.00000995 - 0.00001055
Our Targets
1: 0.00001230
2: 0.00001480
3: 0.00001630
4: 0.00001880+
Our Stop Loss: 0.00000940
Don't forget to hit that like button and give us a follow, we really appreciate it!
Comment your thoughts below.
And most importantly, enjoy your day!
Crypto Eye Team
------------------------------------------
DISCLAIMER:
This analysis is not financial advice and the Crypto Eye are not financial advisors. We are sharing our opinion, nothing more.
Please do your due diligence. Trading cryptocurrencies is very high risk and you can lose your entire investment.