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Decentraland

Path to new ATH?I've wanted to write about all of the Cup and Handles that I've noticed on the micro (even when making very short term decisions on the 5min) trend during MANA's latest run. It makes sense, it is a bullish formation and MANA is very bullish. I've said in past posts that MANA is "behaving really well." From textbook H&S to Inverted H&S to all the C&Hs to respecting the ascending channel without fault, MANA has been pretty easy to speculate. It even follows rules with regard to time as a function. IF YOU BELIEVE MANA CAN HIT UPWARDS OF $5, $9, $10+, there has to be a path and the current setup could be HOW WE GET THERE. What we are seeing now is the formation of a massive Cup and Handle on the macro chart, with what will bring all-time highs. It's target is massive and supported by the 1st leg up on the Fibonacci extension. I think/hope we are here. At the very least, I'm bullish on the short-term micro chart as a smaller C&H is forming, also confirmed by the short-term Fib. extension. This short-termT cup may be just the catalyst we need to break higher, and then onto the "big picture C&H." All that being said, BE CAREFUL. One good reason to be skeptical is that I generally don't use data from the original pump when making a forecast. However, I've also missed out more than not when doing so. I'm a "chart guy" and this is just what the chart is saying, in how I'm reading it. Too good to be true? It should be, but this is not the Fortune 500 market. 45% spike isn't ever out of play and happens frequently. Look for a break above $4.38 and keep an eye on the micro 13% gains? This is definitely worth paying attention to. This is just an idea that I'm sharing with you...not financial advice. I'm looking forward to watching this play out. Keep in mind, this target may not happen in a day...we still have to break out of the triangle, AND pass the ATH...this little 13%+ cup will put us out of the triangle and just below the ATH. A lot of potential volatility and stomach aches ahead. Volatility = opportunity. Set stop losses, don't invest more than you can afford to lose, and good luck. Let me know if you are seeing something very different, please.
MLong
by keykomg
I am very Bullish on MANA right now and I will explain whyI am very bullish on MANA right now as I am a fundamental analysist with analyzing both team, cash flow, cash distribution, and another part of the project before investing in anything. MANA is different than SAND boy with a recent boost. If you have some time to go to coinmarketcap and check the holder of MANA and SAND, you will realize top 100 holders of MANA only hold 78% MANA token (these holders include the Dev team, and I think they are the top 2 wallets with ~185mil MANA) compared to 96% SAND token. Remember, MANA has 1.8 Bil MANA tokens currently circulating with a Total of 2.1 Bil MANA tokens available (That is right, roughly 300-400 mill MANA are held by the MANA's Dev team). This is very decentralized! Compared to SAND with 800Mil token in circulation and the Dev team hold 2.2 Bil Token of SAND. You can also make a note of the MANA's price jump price from Nov 11 till Nov 15, and check the holder portfolio during this time. It shows the top 100 holders of MANA actually buy back MANA during that time to make the price jump from $2.5 to $3.6 and sell out the same MANA to make the price drop down to 2.9 during these 5 days. What happened is that people kept buying in and holding it for long rather than shortening on MANA. This is the very important key point here, the new MANA's holders majorly have an investor mentality for the long term. Since that buyback and sale from the top 100 MANA holder, the MANA price has been very stable growing up until now. The whole goal of MANA is not to make you a rich FOMO boy, but to distribute tokens to make it become more decentralized, and currently, it is the most decentralized metaverse out there with the lowest token percentage for top 100 holders. If you do the same analysis for SAND you will realize the top 100 holders in SAND and others have a very different strategy and they tend to have a longer time frame to accumulate and sell off the token. After we saw the price jump on Nov11-15, we can see how capable the MANA top 100 holders can do, however, the main point is MANA needs to be at a low price to attract more people to it. The one that is going to attract more is the real estate management companies. Within 24 hours, there was a Canadian real estate company purchased $2.5 Mil worth of land on Decentraland right on the fashion district. The article is following (you can google search it): ----------------------------------------------------------- "On Tuesday, a Canadian investment firm that focuses on decentralized finance (DeFi) called Tokens.com purchased nearly $2.5 million worth of virtual land in the platform Decentraland. Specifically, Tokens.com purchased 116 parcels of virtual land for a total of 618,000 MANA, the native currency of Decentraland, according to a company release. The company claimed the purchase represented the largest transaction of its kind to date. Tokens.com purchased the land through the virtual real estate firm Metaverse Group, which offers virtual land development services for clients. The purchase is equivalent to 6,090 square feet of physical land — which is approximately the size of 1.3 basketball courts. In mid-October, Tokens.com purchased a 50% stake in Metaverse Group for $1.68 million. Metaverse Group also sells and rents virtual land in the virtual world platforms Cryptovoxels, The Sandbox, Upland and Somnium. The purchased lots are based in Decentraland’s Fashion Street district and will be developed to accommodate the growing demand for fashion brands to showcase digital merchandise in the metaverse. “Fashion is the next massive area for growth in the metaverse,” said Sam Hamilton, Head of Content at the Decentraland Foundation, in a statement. “So it’s timely, and very exciting, that Metaverse Group has made such a decisive commitment with this land purchase in the heart of Decentraland’s fashion precinct.” Digital land is valued by the foot traffic it receives and its proximity to brands located within the metaverse, as The Block previously reported. " ----------------------------------------------------------- As you have read it throughout, accumulating MANA is actually turning out to be a good long-term investment because the real world is coming to know about MANA right now. MANA tokens will be needed for services and it is a great example of lithium/petrol in the metaverse world. Now coming back to the chart, the running price from $2.9 up until now $4 are made by major people of the community rather than the top 100 holders. It does not mean they don't think MANA is not potential, it just means they create room for accumulation before making moves. My chart has been able to predict correctly the move in the past 72 hours, so that is a good sign of my good sense lol! If MANA would be able to break the support line and run straight to $2.9 then it would be my dream as I am hoping it to drop down every day in the past 15 days. This is not financial advice and please invest responsibly!
Long
by Haizsama
7
Mana To $5$mana #decentraland bounced off of support and now looking to go after $5 at top of channel and ATH. Support was found at bottom of Channel which had confluence with super trend, 50 MA, and bottom band. Mana is stuck at golden pocket and 20 MA but once H4 closes above, it should be ready to make a big move. DYOR and GL ! --------------------------------------------------------- Top 10 trading tips: 1. DO NOT FOMO into PUMPs. 2. Set a strategy and be consistent. The more you use the same strategy with the same $$$ amounts, you will be able to identify the winning set ups quicker and you will need to win less trades to be profitable over time. 3. Let your winners run and cut your losers short. 4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win! 5. Before you enter a trade, make you know your target (or take profit target and let the rest ride) AND your exit strategy. 6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven. 7. It is hard to deal with emotions when trading, set parameters up front so you keep your self accountable. (stop loss, take profit levels, etc) 8. Don't fight the trend. The trend is your friend. 9. Use multiple indicators to confirm your TA on price action. 10. Only trade what you are willing to lose. It will be hard to trade without emotions. Disclosure: This is not financial advice. I do not take every trade I post. Never trade off of someone else's chart until you DYOR!
Long
by DaCryptologist
MANA ⏫- The Battle of the METAVERSE (No breakout unlike SAND ⏫⏫)Decentraland finally offered me a good experience: Banksy art sold at Sotheby's for Ethereum . Watched it live from Decentraland. 👓 Mana has failed to break it's resistance and the flight is paused until that happens. Our chart will help you understand this better. Also look at our previous SANDBOX ideas for comparison. Our estimate and analysis is that Mana will be outperformed by Sandbox. That is a personal opinion based on our research, do your own and feel free to comment. Needless to say that Decentraland has a great future ahead. The Metaverse is HOT and it will remain that way for months and years... but prices can correct at any time so mind the resistances. Good to know: events.decentraland.org Decentraland events is something I follow! You should do the same... One Love, the FXPROFESSOR
Long
by FX_Professor
5
You didn't miss out......you never do. Sure, we've all missed a sell or buy that can make you sick to your stomach. But as we learned within a couple of hours or days, it always goes back. Remarkably, more like dumb luck, my last post contained orange dashes to show potential movement. It followed it to a tee. I'm not patting myself on the back, in fact, I'm going to erase them because it's dangerous to think that is even practical. I'm not sure when, because MANA just found huge support at $4.08, but there is a strong case to be made for the price coming back to the $3.88 area. There's a great case for it to also visit $3.55. The "M" shape would happen to play out exactly with the short-term .5fib around $3.88. I chickened out earlier, sold at a nice round $4.20 even though my plan was $4.24. With the bullish momentum increasing, I will happily settle for getting back in at $3.88. $3.55 would be cool, but I'm also happy MANA didn't blast through $4.25 and keep flying higher. Volume is picking up and it is getting super volatile. Even though I erased the dumb dashes from the last post, the pink circles are logical spots for one last touch of the lower trend line before blasting out of the triangle pattern. Should we breach the upper trend line in a meaningful way, then we will not be hitting the pink circles. Be very careful. Although there are no indications of a major dump, the volatility is screaming and it could just as well crash down to the $3.30 level should support not be made. MANA could also just go off like a rocket. If you miss out, don't sweat it, just do your research and enter a new position. Check out ATR's and how to use them when setting Stop Losses. If you're new to this, make sure you are on a reasonable time frame when checking the ATR. Again, be very careful right now. A lot of things are coming to a head the next couple days. Keep your fingers crossed because it's completely out of our hands. MANA has a mind of its own.
MLong
by keykomg
2
MANA sideway before uptrendAs predicted from my previous chart, MANA would follow the upper trend without breaking the resistance. The question is when MANA would break the resistance to go above its previous ATH? SAND has surpassed $4.9/SAND, at first SAND would seem to be a good investment option. However, the top 20 holders of SAND own more than 82% of SAND, which is very insecure; while the top 20 holders of MANA total own no more than 56% MANA. In terms of investment with less whale manipulation and future for long-term investment, MANA is a good boat to choose with yearly >20% profit. Back to the graph, the next 72 hours will be critical to see how the holder of MANA responds to the others competitor such as SAND. This is not financial advice! DYOR!
Long
by Haizsama
MANA continues to "defi" the overall short term crypto trend......see what I did there? I'm going to quit while I'm ahead with the crystal ball from a couple of days ago. I was 1/2 joking when I put the red? where I thought we'd find that support because we can have a good idea of supports and resistances, but "when" that happens is, in my case too, luck. I do think it is going to want to bounce off of the lower support line at some point, and that may have to be when it climbs into range, above yesterday's low, probably in the low $3.60 area. MACD, Volume Oscillator, RSI are all looking bullish. Today's chart has Thick Green from the other day and is our skeleton. The Short-term for the next couple of days is in purple, thicker lines are stronger than thin, and the dashed blue/orange lines are just the type of path (not close to exact) I think MANA will follow as it finds support, meets resistance, gets rejected, etc...until a breakout happens. This is all invalidated should we slip below $3.30. The pink circles are just places above yesterday's support where I think MANA will have to hit to make the big push up. Do your own research because this is not financial advice. Be safe and set your SL's.
MLong
by keykomg
3
MANA Decentraland EMA 200 mix MULTI XMANA Decentraland EMA 200 Mixed MULTI X Decentraland is an Ethereum-based blockchain platform where users can purchase, build and monetize virtual reality applications. Users can purchase virtual land in the platform’s world which gives them ownership and control over the environment and applications they create within their land. Decentraland is a virtual reality platform powered by the Ethereum blockchain that utilizes two tokens. MANA is an ERC-20 token that serves multiple purposes, where it is mainly burned in order to claim LAND (an ERC-721 token) as well as to make in-world purchases of goods and services4. Decentraland is divided into a total of 90,000 parcels of LAND, each measuring 16 x 16 “meters.” MANA can be stored in ERC-20 compatible wallets.
BINANCE:MANAUSDShort
by manmui
MANA - Trend Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. MANA is overall bullish trading inside the blue channel and now approaching the lower bound / blue trendline so we will be looking for trend-following buy setups on lower timeframes. on M30: MANA is forming a trendline (in red) but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, MANA would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:MANAUSDLong
by TheSignalyst
20
What will MANA do this weekend?In this video we take a look at where MANA will find support as it is falling from the top of the trend channel at $4.36. Previously in my last video where I did a complete breakdown of MANA's current trend and breakout. We identified a clear doji star on Nov 11th, h&s breakout pattern, and retest of the neckline at the $3.50 level. My prediction: I believe MANA will catch support at either the neckline level just above $3.50 OR continue falling to the bottom of the channel between $3 - $3.30. Like, subscribe, and comment your thoughts! Thank you so much for watching. Cheers!
COINBASE:MANAUSDLong
by DeFiDeshaun
3
Confluence is everythingThe greater number of indicators lining up, the more a theory is supported. Given the lack of a crystal ball, it is easier to have an idea of where a trend change will occur (meta)versus when. For fun, not financial advice, I made a guess with a red question mark. In other posts, I've noted that although highly volatile, MANA has been behaving with relative predictability. It maps out the resistance on the way up for us to trade them as support on the way back down. My non-financial advice is looking at a number of indicators around the $1.57-$1.62 range for our next meaningful leg up. I like to have at least 2 strong confluent indicators and another weaker one before making a trade. The Macro fib .5, the Micro fib .618 (going up from $3.15 on Nov. 17), the shoulder of our textbook inverse H&S all line up with our lower trend line's approach to this area...that's 4 big ones. We've hit this trend line twice. Most major moves happen just above the 3rd touch, not quite making it all the way down because people start buying early as to not miss out. The volume oscillator is also about to touch the bottom for a reversal. Lastly, if you take the $5 high and then subtract the $2.20 low, divide that number by 2 and then add it to $2.20, you get $3.60...just messing with you, that's how the .5 Fib is calculated. If I had a crystal ball, I would put our next major move up on the 21st at about $3.60. My rationale for the timing is a stretch...but if you start on Nov. 3 when it took a small deuce, it dumped every 6 days, touching/creating the lower trend line, marked with red 'X.' The red '?' is where the crystal ball adds time as a function...but yeah, don't trust crystal balls, bad stuff happens when they crack. Regardless of where and when, find comfort in that MANA is clearly in an upward channel, breaking away from BTC and the overall greater crypto trend, and investing now puts you at the lower end of this token's potential value. I'm not going to predict $50 or even $25 dollars because that would need extreme market cap. and public sentiment can crush a commodity in a couple of days for no good reason. That being said, currently, sentiment is great, and barring a collapse there is no reason MANA couldn't reach $5, $9, or even $15 before the end of this bull run. That's all I have. These are just my ideas and not financial advice. Do your own research and don't listen to knuckleheads on the internet. It's been a fun and lucrative couple of weeks. Thanks for all the likes and follows...but what I would really like is some feedback besides "lambo and moon." Tell me what I'm missing. Tell me a joke? Tell me, "You da mana?" Good luck, spend time with your family, and trade responsibly.
MLong
by keykomg
3
Decentraland Analyze 🎮hi, today I am analyzing one of the popular projects that it is working on Metaverse . its name is Decentraland (MANA). Decentraland Analyze ( MANAUSDT ) Timeframe 4h⏰ (Log Scale) I have two strategies for MANA ( Bullish 🐮 and Bearish 🐻). Bullish 🐮 Strategy: if MANA can break the resistance zone ( 4.1$_4.36$ ), Then I can say that the Bullish Flag is working and MANA will touch Bullish Flag's Target ( around 6$ ). Bearish 🐻 Strategy: after MANA escaped from the falling wedge, it is on behind the resistance gate now and at the same time price made Bearish AB=CD Harmonic Pattern around the Current price. in addition, MANA is at my TRZ (Time Reversal Zone). Trigger 🎯: we can see that Master Candle has been made in my TRZ , we have to concentrate on the next three 4h candles. This master candle can work for both strategies. My Suggestion : if you want to have MANA on your portfolio, you can concentrate on the master candle. if price can break it from up, you can collect your MANA. if price breaks master candle from down, if you have MANA you can empty your portfolio from it. Support Zone : 2.48$ unit 2.33$ Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
by pejman_zwin