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Decentraland

ManaMana usdt Daily analysis Time frame daily Risk rewards ratio =2 👈👌 Target 1.1$ mana is one of the gaming tokens that offers earning potential . explore the potential of gaming tokens, offering lucrative opportunity in play to earn and virtual economies Technical: mana had a good growth to ex high price but couldn't reach to new high in this year. Price fell down to save energy and now is the best time to pump and break strong resistance boxes ( red boxes in fhe chart) and reach my target on 1.1$ But if it can't break the resistance, don't worry. New year holidays will help to gaming tokens like mana and sand and etc.
Long
by Habib-Tafazoli
MANAUSD a 1-year parabolic rally is starting. DON'T MISS IT!Decentraland (MANAUSD) almost touched its 1W MA200 (orange trend-line) last week, following the bullish break-out above the Bear Cycle's Lower Highs trend-line 3 weeks ago. This is the last confirmation it needs before it validates the Cycle's parabolic rally as the 1W MA200 was were the price was rejected on March 04 2024. This sequence resembles the bullish break-out pattern of August 03 2020 that also turned the 1W MA50 (blue trend-line) into Support and after a consolidation, by late December 2020 it initiated the parabolic rally. This rally rose by +3390% before the first correction back to the 1W MA50, so if MANA continues to repeat that previous Cycle, it can rise as high as $18 before it corrects. The 1W RSI sequences between the two fractals also highlight their striking resemblance, as both are rising on Higher Highs on a Bullish Divergence against the price's Lower Highs. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:MANAUSDLong
by TradingShot
8
Decentraland (MANA)📊 MANA Analysis 🔹 Overall Status: MANA has successfully broken out of its descending channel. However, it failed to push higher after reaching the weekly resistance (red zone). Currently, the coin is correcting and pulling back from this resistance toward the top of the descending channel. 🔹 Daily Timeframe Analysis: Correction of the Uptrend: The upward wave, which started from the bottom of the channel, has now retraced to the 0.382 Fibonacci level. Forecast: This correction might deepen further and test lower support levels, such as 0.5 or 0.618 Fibonacci levels. 🔹 Weekly Timeframe Analysis: If MANA can break its weekly resistance: The price could rally toward the gray zones. These zones align with the 1.618 and 2.618 Fibonacci levels. 🔹 RSI and Entry Signals: The RSI entering the Overbuy zone on both daily and weekly timeframes can act as a trigger for entry. ✅ Conclusion and Recommendations: 1️⃣ Key Support and Resistance Levels: 0.382 Fibonacci level (current support). Red zone (weekly resistance). 2️⃣ Entry Strategy: Gradual laddered entry after confirming support or breaking the weekly resistance. Support confirmation could include retesting and stabilizing at these levels. 3️⃣ Monitor RSI: Pay close attention to RSI signals on the daily and weekly timeframes to ensure trend strength. 4️⃣ Risk Management: Laddered entries help reduce investment risks and allow for adjustments if deeper corrections occur. 💡 Pay close attention to price behavior, manage your risk effectively, and stay alert to key support and resistance zones.
Long
by alizeynali69
TradeCityPro | MANA : Aiming for the Top of the Box👋 Welcome to TradeCity Pro! In this analysis, I’ll review MANA, the native token of the Decentraland project, one of the most well-known Metaverse initiatives. This coin has seen significant growth in recent weeks. ⏳ Weekly Timeframe: Approaching the Box Ceiling On the weekly timeframe, we observe a long-term range lasting 826 days. The bottom of this range is at 0.2501, while the top lies at 0.8170. Over the past few weeks, the price has moved from the bottom of the box, breaking above 0.4165, and has now approached the ceiling at 0.8170. ✨ If RSI breaks above the 74.42 resistance level and the price stabilizes above 0.8170, additional bullish momentum could enter the market. In this case, the first target would be 1.1101, followed by 2.1776. Should the price consolidate above these levels without showing signs of weakness, the all-time high (ATH) of 5.0563 may also be achievable. ⏳ Daily Timeframe: Momentum Exhaustion? On the daily timeframe, we see a parabolic move originating from the bottom of the range and now testing its ceiling. 📈 Currently, after testing the 0.7859 resistance, the price has pulled back to 0.5631. Interestingly, there’s no visible divergence in the RSI, indicating a healthy trend. If RSI re-enters the Overbought zone, the next leg up could commence. 🔽 In a potential correction scenario marked by reduced volume, the price might enter a time correction phase, ranging within the current area. For price correction, the key level to watch is 0.3926. 🚀 Breaking through 0.7859 could initiate a long-term bullish trend toward the ATH. ⏳ 4-Hour Timeframe: Futures Triggers On the 4-hour chart, more granular details of the previous move are visible. The price has currently retraced to 0.382, aligning with the 0.5631 level. If the correction continues, the 0.5 and 0.618 levels could serve as suitable targets. 🔼 For a long position, breaking above 0.7316 and consolidating above this level would be ideal, potentially initiating a new bullish leg. If RSI enters the Overbought zone, significant momentum could drive the market. Breaking above the 50 level on RSI would also signal the end of bearish momentum and a possible trend reversal. ❌ As for a short position, I prefer not to open one unless a trend reversal is confirmed. Currently, there’s no trigger for shorting, and I recommend avoiding counter-trend trades. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
7
Decentraland / MANA Decentraland price today is $0.58 with a 24hour trading volume of half a billion dollar. MANA price is up 96% in the last two weeks Decentraland is a decentralized, traversable, three-dimensional, virtual reality platform being built on the Ethereum blockchain. The platform focuses on the ownership of parcels of digital land where users can create unique environments in a virtual world. Content creators will be able to prove ownership of, and capture value from, their contributions to the platform. Users will be able to traverse unique areas of content, which can be clustered into districts, giving content creators targeted traffic and allow for spatial discovery of new content by users. Currently, users gather, interact, share content, and play games primarily on large proprietary platforms like Facebook. The team believes that a decentralized model will allow participants to realize several benefits over current centralized services. Users and contributors will be able to benefit from transactions that occur on the platform, instead of allowing some or all of the revenue to flow to a single party. Furthermore, a decentralized platform will reduce the risk of censorship and vulnerabilities due to infrastructure failures or security breaches. Decentraland uses two tokens, LAND and MANA, which allow users to interact with the platform. Individual ownership of land parcels are represented by non-fungible LAND tokens containing the coordinates of a single point on the grid and a reference to the details of each parcel. Ownership details are managed through a ledger on a smart contract. To acquire LAND users must burn ERC20 based MANA tokens. MANA tokens are also used for the purchase of in-game goods and services. Mana first big resistance is 0.9$ and 0.4-0.5 is a good dip zone. monthly MACD and RSI giving positive and buy signal too
Long
by moonypto
9
MANA is gearing up for a major breakthrough!I'm a big fan of meta universes and couldn't just not make a plan for MANA, the leading project in this area! We are technically above 50 EMA and preparing for a breakout from the parallel channel. The project has a capitalization of almost 1 billion and I would expect a hike to the $3 per coin area and reach a capitalization of 6 billion, which corresponds to the 0.5 fibonacci level. This is a huge prospect considering that the next coronavirus analog as well as potential VR development will attract new investors to the project and send it into the space! Horban Brothers.
Long
by horbanbrothers
MANA/USDT Trading ScenarioDespite the rapid growth of BTC and many popular assets in the crypto market, some altcoins from promising projects remain heavily oversold and undervalued. One example is the native token of the Decentraland metaverse — MANA. It is currently trading 95% below its all-time high and is near a local minimum. From a volume profile perspective, the asset is attracting market participants in the current price range, and the accumulation phase has been ongoing for almost two years. If liquidity starts to shift from BTC into altcoins during an altseason, this token could experience significant growth and provide investors with a solid profit.
by Rick_SimpleSwap
The medium term of MANA is super bearishMedium term MANA is super bearish According to the waves that formed in these last two months, the scenario of MANA has become clearer. It looks like we have a big ABC, and wave B is a triangle. The last triangle wave of wave B could end in the red range and then we could see another bearish trend for MANA in the medium term. This is the vision we now have for MANA. Closing a weekly candle above the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Short
by behdark
1
Decentraland: Breakout?MANA recently experienced an upward movement and is currently trying to leave our magenta Target Zone (between $0.1371 and $0.3154). We attribute this development primarily to the magenta wave (iv). The price may should leave the range briefly, but then come back to complete the green wave (2). Consequently, we continue to keep the Zone active so that it can be used to open long positions. Stops could be placed around 1% below the lower edge. From a technical perspective, however, there is also the possibility that the low of the green wave alt.(2) has already been set. This option will come into play with a direct rise above the resistance at $0.37.
BINANCE:MANAUSD
by MarketIntel
Decentraland: Home StretchMANA should have reached the high of the magenta wave (iv) on August 24. Since then, it has been working on wave (v) of the same color. This last stage should ultimately complete the green wave (2). With the corrective low in place, the price should then turn around and rise above the resistance at $0.48 with wave (1), which is also in magenta. Investors could use the entire range of the Zone to establish long positions, with stops placed about 1% below the lower edge. From a technical perspective, it would also be possible that the past low within the Zone has already ended the green wave alt.(2).
BINANCE:MANAUSDLong
by MarketIntel
MANA (Decentraland): Approaching SupportTrade setup : Price is in a Downtrend. It had a failed breakout from Falling Wedge pattern but price did make a Higher High (above prior swing high), which is also a positive sign (see chart). Now we'll wait for price to pull back and watch if it makes a Higher Low (above prior downswing low of $0.27). Series of Higher Highs and Higher Lows are indicative of an Uptrend. Pattern : Price is Approaching Support , which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Learn to trade key levels in Lesson 7. Trend : Short-term trend is Strong Down, Medium-term trend is Down and Long-term trend is Strong Down. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $0.27. Nearest Resistance Zone is $0.32, then $0.40.
Long
by altFINS
MANAUSDT Comprehensive Technical Analysis✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the MANAUSDT pair in the crypto market. 🗂 About the Project: Decentraland (MANA) is a decentralized virtual reality platform powered by the Ethereum blockchain. Users can create, experience, and monetize content and applications within this virtual world. MANA serves as the cryptocurrency used within the platform for transactions such as purchasing land and goods. 📅 Weekly Timeframe Analysis In this timeframe, MANA has experienced significant movements. Recently, it saw a downward trend, reflecting a broader market decline. MANA is currently testing a crucial support level around $0.1716 after a prolonged correction phase. 📈 If MANA stabilizes above $0.4133, we can anticipate bullish momentum potentially pushing the price towards the next resistance at $0.7816. Confirmation of a new upward trend will depend on candle stability above this level. 📉 Conversely, if MANA falls back into the range between $0.1716 and $0.4133 and stabilizes below $0.1716, it indicates a bearish trend continuation. The next critical support level would be around $0.1300. In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence. 📅 Daily Timeframe Analysis On the daily chart, MANA ranged around the $0.4133 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at $0.2890. 🧲 Given the current setup, stabilization below $0.2890 could signal another bearish wave. On the flip side, if the price moves above $0.3932, it could indicate the start of a bullish trend, targeting higher resistance levels. 📅 4-Hour Timeframe Analysis In the 4-hour timeframe, MANA has pulled back and reached the support at $0.2890. Volume analysis shows a decrease, indicating potential exhaustion of the recent downward movement. 📈 For short positions, the key levels to watch are $0.3158 and $0.3932, where price reactions could provide better entry points. 📉 For long positions, critical levels are $0.2890 and $0.2616. 📊 RSI Oscillator The RSI is currently ranging between 20.73 and 37.93 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points. 📉 Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans. ⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
Bitcoin's Parabolic Potential & MANA's Key Levels Revealed📅 Let's dive into today's analysis. We are focusing on the crypto market, where we've seen an upward move, and Bitcoin is at a critical and exciting position. The coin I'll be analyzing today is MANA. 👑 Bitcoin Analysis 🔍 Bitcoin Technical Analysis In the 1-hour timeframe, Bitcoin has started to correct after reaching the 59323 support level and has now created a bullish structure in this timeframe, reaching the 63700 resistance level. A correction to 0.382 of this upward wave has been made, creating a box between 36700 and 62634. 🧲 Trend Line Analysis Additionally, there is a curved trend line supporting the price. Since this line is curved, it could trigger a parabolic movement in the market. Conversely, if this trend line breaks, we might witness another sharp drop in the market. 📊 Volume Analysis The market volume is ranging and is neither converging with buyers nor sellers. The direction will likely depend on which side increases its volume. 📈 Long Position Strategy Long Position: We can enter a long position with a break above 63700, targeting 64530 as the first target. A riskier trigger is at 63122. RSI stabilization above the 55.87 resistance can act as confirmation for these positions. 📉 Short Position Strategy Short Position: For a short position, first wait for a candle to stabilize below the curved trend line and activate the 62634 trigger. The second trigger is breaking the trend line at 62168. The RSI confirmation trigger is at 40.72. 🔍 MANA Analysis 🗂 Project Overview Decentraland is a crypto and metaverse project where everyone can buy land and introduce their projects to others. The native token of this platform is MANA, and all transactions on this platform are conducted using this token. 🧲 Trend Line Analysis In the 4-hour timeframe, this coin has started a downward trend from 0.4832 and dropped to the 0.3170 support level. After reaching this support, it corrected up to 0.236 and created a range box. This coin also has an upward curved trend line that could trigger a parabolic movement in the coin. 📈 Long Position Strategy Long Position: Stabilizing the candle above the 0.236 area could push the price upward, creating bullish momentum to move towards the 0.5 Fibonacci area, which coincides with 0.3896. For this position, buying volume must enter the market, and the RSI trigger is at 59.26. 📉 Short Position Strategy Short Position: For a short position, first wait for the curved trend line to break. For additional confirmation, we have two triggers: the first is at 0.3287, and the second is at 0.3170. If these levels break, we can expect the price to move down to 0.2792 based on Fibonacci Extension. Personally, I would open a position with a break below 0.3170 only if the selling volume increases and the RSI is below 50. Otherwise, I will wait for a break below 0.2792. 📝 Conclusion In conclusion, both Bitcoin and MANA are showing critical levels that could determine their next major moves. Bitcoin's parabolic potential hinges on its curved trend line support, while MANA's future depends on its range and trend line dynamics. Keep an eye on the volume and RSI confirmations for better entry points. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
Bitcoin Weekly TA : Bitcoin Poised for Next Bullish Run (READ)By analyzing the Bitcoin chart on the weekly (logarithmic) timeframe, we observe that, as expected, the price corrected to $58,400 and encountered buying pressure. Currently, Bitcoin is trading around $63,000, having increased by 9%. If the price can stabilize and close above $63,300 this week, we can expect the start of the next bullish trend. Based on previous analyses, the mid-term targets for Bitcoin are $72,000, $77,000, $85,000, and $100,000. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
8
Decentraland a.k.a. MANAUSD May Have Formed A Bullish SetupDecentraland with ticker MANAUSD may have formed a nice textbook bullish setup formation. We see a five-wave rally into wave A/1 from the lows, followed by an a-b-c correction in wave B/2 right into the former wave "iv" and 61,8% Fibo. support area. So, it can lift the price higher within wave C or 3 towards 1.0 area for wave C or maybe even higher for wave 3. We can actually already see it breaking above channel resistance line, but to confirm that wave C or 3 is in play, we need to see a recovery back above 0.55 region.
BINANCE:MANAUSDLong
by ew-forecast
📈MANA Analysis: Identifying Entry Points❗️🔍Today presents an opportune moment for opening positions as the market structure offers potential entry points upon breaking support or resistance lines. Bitcoin's rejection from $64,437 yesterday prompted altcoins to establish lower resistance levels. One such altcoin is MANA, representing the Decentraland project, which, despite previous bullish rallies, now offers a favorable entry opportunity. While the project's fundamentals are significant, our focus lies solely on pinpointing entry points for futures trading. 🎯In line with my preferred strategy, the classic technical analysis approach of identifying breakouts serves as the cornerstone. Personally, I've found this strategy combined with prudent capital management to be remarkably effective. However, it's crucial to acknowledge that each trader must develop their own tailored strategy, as no two traders' nuances can be identical. 📉For a short position, the breakout below the POC fixed range volume profile, while overlapping with short-term support, could provide a low-risk entry. Nonetheless, the primary entry point remains at $0.4056. If entering a position following the POC breakdown, I recommend aiming for risk-to-reward ratios of 2 or 3, aligning with previous analyses' emphasis on lower ratios until major triggers for long or short positions emerge. 📈Patience is key for a long position, waiting for the breakout of the descending trendline and activation of the trigger at $0.4557. In this scenario, a short-term scalp position can be taken. However, refrain from expecting high risk-to-reward ratios until breaking out of the primary box, focusing on ratios of around 2-3 until $0.4977 is surpassed. 🎲Maintaining minimal exposure within the $0.4056 to $0.4977 range is advisable. When entering positions, particularly during the breakdown of major triggers, closing positions upon signs of price reversal is prudent. In case of box breakdowns, the initial low-risk target is $0.3325, followed by $0.5662. However, it's paramount to exercise patience and observe price signals before closing positions post-trigger breakdown. 💥While RSI may not be applicable in a ranging market, it can serve as a helpful tool for setting targets and securing profits. Avoid closing positions if major triggers are breached and RSI enters overbought or oversold territory, as significant price movements may follow. 📊During position entry, monitor candlestick volumes, ensuring alignment with the intended position direction, and avoid entry during divergence. 📝In conclusion, today's analysis underscores the importance of a strategic approach tailored to individual trading styles. By adhering to well-defined entry and risk management protocols, traders can navigate market fluctuations effectively. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
by itsparham96