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Decentraland

Review and path forwardTo know where we could be heading, you have to know where you've been. BLUE was from where I left you last night. Yellow is what happened. Purple is where we are. Pink dots and dashes are ideas of our path forward. It's never a good idea to make huge decisions based on the 1 minute time frame. That being said, there was a slight indication of the upside-down cup's rim being at 4.08. The more obvious, and far stronger, was at 3.75 area. This may still be in play, and we won't know until the price goes back to the 4.30's. In the shorter term, the upside-down cup did actually form with the rim at 4.08 and played out perfectly. What didn't happen was what some people thought, and never happens, "to the moon at 2.20." I marked where we left off last night with a vertical yellow line. Purple is where we are at. We are lucky in that the structure is here and it is simple. Thin purple lines are just thoughts for very small trades for the experienced. These trades are probably not worth your time based on risk, imo, if you are trading less than $25k. If you are experienced and have nothing better to do with less capital, go for it. Pink dashes and dots are just a motif of the future flow, not exact for those of you who are new. the bars are not going to coincide exactly because I don't have divine control of the function of time. RSI is still overbought, by definition, but still plenty of room for a little run if you missed profits yesterday. If you are new and not actively trading, sit tight, be patient because I don't think MANA is going away. Just my ideas, not financial advice. Let me know other possibilities that I may be missing. Don't forget your SL's. Good luck.
BINANCEUS:MANAUSDLong
by keykomg
MANA surpass ATH this weekend or not?In the past 24 hours, we saw a strong run for MANA with a huge accumulation from big investors/whale/traders. It is fascinating that MANA has been tested several times after it surpass $4.9 from its last time run (Oct 30th, 2021). The invisible hand tried to smash it down as I saw and I did think MANA would lose and bearish short time, however, it did not happen like that. MANA has tested at the $2.2 range then surpass that resistance to pass the next $3.3 resistance range to finally revisit its ATH resistance. The question is would MANA can keep up the momentum this weekend? Remember the last run when MANA started its run was on Friday, Oct 29th, 2021? MANA at that point was struggling around $1.3 to see the Saturday, Oct 30th, 2021 MANA run straight to $4.9. Would history happen again? The current market cap of MANA is $7 Billion, the next upper of MANA is Internet Computer and Axie Infinity. In my opinion, MANA is much bigger than Axie Infinity in terms of the world, community, decentralization, and Dev team. We have to ask ourselves for real, what has happened with the crypto world since the beginning of the BTC run? If BTC is the gold in the crypto world, ETH is the foundation platform then MANA is the actual interactive space for the community. It is not a matter of game or trading or not, but it has the true value that puts the ETH/GAS/LAND/MANA into 1 ecosystem that even Facebook is aiming at. Let's look at the leaderboard now besides BTC, we got LTC, XRP, DOGE, SHIB, BNB, BUSD, and BCH are competing with BTC to act as the GOLD/SILVER standard in the crypto world. Besides ETH, we got SOL and ADA are mainly the platforms fighting each other. For Defi, we got LINK, WBTC, LUNA, and AVAX. In the Metaverse, we only got MANA, AXS, and SAND are very strong competing with each other. So among the crypto world, we have seen major a lot of coins are fighting around the Coin/currency realm, then a bit of platform, then Defi, and some metaverse. But in reality, the one actually brings the chance to have a real capital market besides trading should be the Metaverse with the actual interaction of the community happened. More capital can make out of this Metaverse as it is the place for the content creators to thrive, the place for people to come and interact, the place for the need satisfied by the supply. Short, Metaverse should be the top 3 biggest market cap in near future. In my opinion, this weekend would be important as we will see if MANA can surpass its ATH or not. This will reflect how confident the MANA holders are with the token. In the long term, I have high confidence this Metaverse is going to be top 2-3 of the crypto world; The MANA should be up there in the top 10 as when institutions started to invest in Decentraland, the MANA market cap should be above $40 Bil. There will be 3 events in Decentraland this weekend and enjoy it ok? The Hourglass Presents – Saint Samuel – Live Music When: Friday, November 19 at 12:30AM Where: -70, 79 Defector Dan, Collie Pixels, AstroMojis, and Petaverse When: Saturday, November 20 at 1AM UTC Where: 31, 90 MIL-SPEC NFTs Pre Launch Bar Crawl POAP When: Sunday, November 21 at 3AM UTC Where: 0,0 This is not financial advice, you should take responsibility for your investment! Don't trust anyone's words and do your own research before investing!
Long
by Haizsama
2
MY NOT SO MINIMALIST ANALYSIS OF DECENTRALAND$MANA FOLLOW THROUGH OF MY PREVIOUS ANALYSIS MARKET LOOKS HEALTHY, STAMINA TO FINISH SWING STILL STRONG (at time of writing) 11.14. 21 0830H +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. ALERT: WE JUST RIDE TO THE TOP TARGETS - EXIT/MAXIMIZED AREA OF VALUE It will correct based on STOCKS and RSI at 0.382 Level. On mark with our TOPS and BOTTOMS of our BOXES. FIB LEVELS working well with the Market. Candles BULLISH. Completion of AB=CD Pattern (Measured Move.) The Market has amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION. IT WAS A GOOD PARTIAL EXIT (shaved off the bulk of the SWING TRADE) and We are now looking at an ENTRY that we can TOP-UP for our Investment. Congratulating all those who have climbed the SWING together with me. You can review past analysis on linked charts below. REMINDER: INDICATED ARE ENTRIES, PARTIAL EXITS/TOP-UPS, EXITS, and MAXIMIZED AREAS OF VALUE "FOLLOW THE WHITE RABBIT!" Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you. HOW TO USE THIS MINIMALIST CHART Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.) It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it. You can CLICK AND hold THE CHART and PAN or DRAG IT. TARGET ZONE IDENTIFICATION The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR pivot points. These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, and, if you wish to hold longer for a MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.) At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market (CRYPTOS ONLY). Watch out for your Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, 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. Vive Le Autist! Vive Le Egalitarianism!
COINBASE:MANAUSDLong
by The_Crypto_Samurai
3
Hopeful...but it makes senseIs MANA going to hit ATH soon? Of course. I sold when it looked like we weren't reaching the $4.38 fib target without a pullback first. Excuse the art, I was never good at finger painting. Ever think, "it'll never drop that far, we've come so far," and then it does, because it needs to in order to keep a healthy eco-system? We see cup and handles all the time. Upside down cups are rarer, but if you look at the 5min (which isn't best practice), it is as clear as day should this pattern play out to $3.75. Although a .50+ drop seems bearish, it is actually a total bullish move because the rebound is fast and furious. We were in this range just yesterday, and it's crypto so don't fool yourself into thinking it can't happen. $2.90 is still in the cards too. SO, thanks for all the "likes" on my ideas, but what I could use more than "likes" is feedback. I've been at this a while, but know that thoughtful insight and counter ideas are always helpful and welcome. Also, never make decisions based on one indicator. There is the .382 sitting in that range, the MACD and the RSI still have a little room but show weakness and RSI is in the overbought zone on the Daily. Good luck, and thanks for any feedback...because this is not financial advice, just an idea that I have no good reason to doubt, but doubt a little anyway. Massive accumulation if this one plays out.
BINANCEUS:MANAUSDLong
by keykomg
3
MANA- Resistance Now, then off to 6,4$We have just watched Banksy sell 2 paintings in Sotheby's, in Ethereum . It was quite an ok moment, an idea we enjoyed and the potential for the future. Decentraland has a OT of work to do and we do expect to see progress. Happy to say that we did experience some Progress today. Now to the chart: Resistance is now..there might be a break here before we can go higher but higher is what's happening sooner or later. Check how precisely we called the SANDBOX resistance here . ps we still favorite SAND over MANA..Just a personal opinion. One Love, the FXPROFESSOR
Long
by FX_Professor
11
MY MINIMALIST ANALYSIS FOR DECENTRALAND$MANA ADJUSTED TARGET AREA OF VALUE ON THE CHART 11.10.21 1313H +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. ALERT: LOOKING FOR THE NEXT BEST ENTRY The Market has amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION. THOSE WHO FOLLOWED THE ENTRY of SWING 2, WE ARE ON OUR WAY TO THE NEXT EXIT! Congratulating all those who have climbed the SWING together with me. The BULL SEASON for CRYPTOS is dictated by the BULLISH STRENGTH OF Primarily BITCOIN and then ETHEREUM. We still have more room for the UPSIDE. Happy Trading! REMINDER: INDICATED ARE ENTRIES, PARTIAL EXITS/TOP-UPS, EXITS, and MAXIMIZED AREAS OF VALUE "FOLLOW THE WHITE RABBIT!" Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you. HOW TO USE THIS MINIMALIST CHART Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.) It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it. You can CLICK AND hold THE CHART and PAN or DRAG IT. TARGET ZONE IDENTIFICATION The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR pivot points. These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, and, if you wish to hold longer for a MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.) At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market (CRYPTOS ONLY). Watch out for your Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, 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. Vive Le Autist! Vive Le Egalitarianism!
COINBASE:MANAUSDLong
by The_Crypto_Samurai
4
I generally don't like Christmas before Thanksgiving......but today's visit from MANAclaus has been fantastic for accumulators. As much as I'd like to see this go back down to $3.23-$3.30, it doesn't look that way yet. If you zoom in on the micro chart, we are consolidating in a rising channel which if you are trading enough $ these are behaving extremely consistent with 0.10-0.20 cent dips/gains. I only caught 1/2 of them, accumulating even more on top of monster short gains. I believe in the industry, but I definitely don't Hodl. I appreciate those who do though. When you see these consistent trends, cash out and get back in...even just an extra thousand tokens from a few hours in a parrallel channel translates into a few thousand dollars. I have a conservative short-term target of $3.88 should the inverted head and shoulders complete its cycle. Maybe it'll go back down then for a final dip? I get that MANA isn't just a currency, but I can't believe it is completely detached from the rest of the market as some people are saying...MANA just isn't "that" special yet. ADA did this a few months ago when everything else was stagnant. Although this isn't financial advice and just my opinion, I do think MANA is going higher, a lot higher. If you are accumulating like me, you would appreciate one more dip into the $3.20ish area before heading to $5+. If you're not accumulating, sit tight, don't hate on me, and your holiday bonus from MANA will arrive before Dec. 25th. Good luck and don't forget to double your ATR to set your stop losses.
BINANCEUS:MANAUSDLong
by keykomg
DecentraLand Downward Flag? Bullish, Bearish?Once again guys, just a beginner, but based on what I am seeing, this incredible bull run by (MANA) could be either confirmed or reverse if this Downward Flag does in fact play out and then whichever trend (I am bullish based on my analysis), is shown coming out of the flag, if it can be confirmed then this could be a great investment in the coming months. I have an industry that is in it's infancy in the crypto space, but the industry and customers have been ready for it, and needed it long before Bitcoin even existed. I potential for these digital currencies to fundamentally change the way we think about the way so many things in our world currently work in an unbelievable way. My crypto of focus in this publication should give you a lil hint as to what industry it is, I am talking about (cough, cough gaming), oh excuse me, apologize. Well as always, if there are any successful traders out there who haven't let the money make them think they are something more than they are, or let them think that they are superior to any other human being on this earth, and they are still about "remembering where they came from," and still thinking about how much it would have helped them starting out to have an experienced trader to bounce a few strategy questions off of every once in awhile.....but, anyone who takes the time to give me their feedback to help me understand this mountain of information, I would greatly appreciate any knowledge and wisdom that could be the difference in generational wealth, and would you like fries with that? Thanks guys! Good luck!
COINBASE:MANAUSDLong
by DutchBoyzDynasty
1
MANA might have a new ATHAs we recently saw how MANA is being adopted for real-world usage with Barbados nation ( a Caribbean nation) sign contract to make their ambassador on Decentraland. We are talking about a country that is currently ranked 68th out of 215 countries with huge exporting of liquor, jewellery, Cement, Orthopedic appliances. They also have quite good tourism and the top 3 strongest market exchange in the Caribbean. Short story, this country is a solid country but not a no-name. third-world country in somewhere in Africa or South America. As the Barbados ambassador project runs, more MANA would be needed to construct a real ambassador, maintaining and upgrading over time. It would possibly open a new interactive need for new travelers to access the ambassador to process visa and legal needs for tourism. From a fundamental perspective, this is a very solid good project that comes to Decentraland. Regarding the trend with Technical Analysis, we started seeing a reversal trend (red arrow). I think MANA will have a very high chance to obtain a new ATH by end of this year. Considering this is a good present from Mr. Santa Clause. This is not financial advice, and please be responsible with your investment!
Long
by Haizsama
MANA stable at $3.26, as consolidation continuesThe Decentraland Price analysis dictates the token is getting mixed market sentiment today. The MANA/USD appears to be consolidating from 13th November, as the price movements are small, as compared to the pre 13th November swings high and low. MANA/USD does not seem to be affected by yesterday’s market sell-off when most major coins suffered significantly, but MANA maintained well. A wild low swing was observed yesterday when the price went down to $2.73 for a few minutes but recovered soon. MANA has gained tremendous value after breaking out of its shell on 28th October while swinging as high as $4.98 on 30th October.
BINANCEUS:MANAUSDLong
by BernardMikhail1
Barbados to Establish Sovereign Territory in the DecentralandThis morning, the Caribean island Barbados just establish sovereign territory in the Decentraland! As you may have known me with the pessimistic view on Decentraland. This time, I think MANA may fly high above $5 end of this year. This is not financial advice! The article below "The tiny island nation of Barbados is taking the bold move of establishing an embassy in the metaverse. Starting with Decentraland, the crypto friendly country aims to acknowledge the first sovereign territory in the virtual realm. According to sources, Barbados sees the metaverse as the next frontier. A place to converge, learn, plan and connect with people from nations across the planet. Therefore, the embassies will provide an interaction point for metaverse travellers and allow for a tangible presence in the virtual and physical worlds. The Barbadian Ministry of Foreign Affairs signed a ground-breaking official agreement with Decentraland, resulting in the right to establish a digital embassy on the platform. Barbados’ end game is to create a network of such locations throughout the metaverse. And to this end, talks are currently underway with fellow industry pioneers, Somnium Space, among others. All of which will eventually include a teleportation portal between the different realms. Going forward, Barbados promises an “aggressive” expansion in the metaverse, providing official Barbadian locations that abide by international law, and the Vienna Convention, resulting in a unique diplomatic opportunity for Barbados, its government and its people. The first location will open as early as January 2022."
Long
by Haizsama
1
Bull vs BearThe MANA after getting a short pump has once again gone into side-way consolidation. It is interesting to see how the BTC run might affect the future of the MANA. I personally would take the perspective of Holder which prefer to see the price drop to an agreeable range for more entry opportunity. It seems we have very good support from the previous shoulder, however, I still think the bear is going to take over to push the price of MANA downward furthermore. The recent bust of Decentraland trading parcel on opensea has increased 65% and is currently ranked #14 in opensea. The reason why I mentioned this is when you go to the metaverse, there are 2 major things you need to take into consideration are cloud systems and gaming/application. As of now, people are busy buying and selling Decentraland parcels, which means not much MANA would need to be burned yet as the land are still sole in ETH and MANA token only being used to develop or buy items inside MANA metaverse. However, this bear trend is a good accumulation for new investors or people who want to enter if you missed or reinvesting. The reason is 6 months from now when MANA is actually being used and burned to develop on the parcel. Yes, that is right, I think in the current situation Decentraland is in its adoption stage before the tokens are actually being used for real purpose in the metaverse. So I drew 2 scenarios here, a bullish one is when people actually realize the usage of MANA and the power of MANA token in the metaverse; the bearish one is when the hype fades away and people put money without knowing what MANA and Decentraland are for and got their hand to burn hard. After those "to the moon" boys left and BTC run to 120K, the leftover is the true investors which are the backbone of the support lines here. This is not financial advice but merely my perspective, please be responsible with your own money!
Long
by Haizsama
MANA about to break out! - Keep an eye on this! Here's a quick Look at MANA 1 hr chart. As we can see, the price has been forming a falling wedge and we could see a break the upside soon! Keep an eye on this falling wedge! The best entry would be, when the price breaks above falling wedge with good amount of volume . ------------------------------------------- The idea is: Buy when the price breaks above falling wedge and take profits at the levels shown in the chart. Targets: 1. 3.35$ 2. 2.47$ 3. 3.75$ 4. 4$ ------------------------------------------- What Is a Wedge in the context of trading?: "A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts. Key Takeaways for Falling wedges: 1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods. 2. The patterns may be considered rising or falling wedges depending on their direction. 3. These patterns have an unusually good track record for forecasting price reversals." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
5