Long

MY MINIMALIST CHART ANALYSIS FOR MANA

Updated

On a Weekly Chart

LONG POSITION -MOMENTUM STRATEGY - SWING
09.01..22
0936H +8 SINGAPORE

Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast.

ALERT:
Entries for a BULL SWING when starts up and running.
Based on VITAL SIGNS ( RSI, STOCH, VOL., MA VOL.) RSI still needs to go down at 20-30. It has been accumulating for the past 4 months and is in a zone where it is very attractive for BUYERS.
Bitcoin is also holding strong support at the 20k zone and is shy away from being oversold at the point of the previous capitulation.

1. Mana is close to being in the zone of capitulation and is a sign of strong support.
2. Because of FUD, it can push further down to our third entry at its lowest.

Hoping that this BENTO BOX CHART ANALYSIS will efficiently help you with your DYOR as we Enter a NEW SWING CYCLE for LONG positions, either short, mid, or long term.

INSTRUCTIONS:
HOW TO USE THIS MINIMALIST CHART a.k.a (Bento Box)

"Follow the white rabbit!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE to where the MARKET will take you.
If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal.

TARGET ZONE IDENTIFICATION:
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)

NOTE:
1. That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time.
2. Created on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
3. My BENTO BOXES are designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
4. At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY).
5. DYOR for your Fundamentals, Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, AB=CD Pattern especially institutional and retailer trading psychology.

Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to share my knowledge.

Vive Le Autist!

Note

Note

On a DAILY Chart:

Note

Adjustments for Mana, short term trades (EXIT) on a DAILY CHART:

Note

On a DAILY Chart: Partial EXIT from our third short term entry at roughly 19% gains

Note

On a DAILY Chart: The market has filled all our short term entry targets and has bounce of our 1st long term entry with a possible 22%-40% gains.

A partial exit is recommended as the market will retrace back towards the 1st long term entry. Using the Bento boxes, we are now on our CLOSE WATCH Minor red box. If it fails to break, we can expect the market to reach the bottom part of the minor and major box. 3rd long term entry would be best for us, both in our short and long term trades.

Later this week, I will adjust short term entries as needed.

Note

PARTIAL EXIT ALERT: On a DAILY Chart. Take partial profits as we wait for a retracement or a double top . CONGRATULATIONS for at least 140% gains from our 3rd short term entry and 1st long term entry

The_Crypto_Samurai

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.