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Decentraland

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.
MLong
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.
MLong
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
When to buy MANA ? 200% Potential.looking at the daily chart mana stays above 50 EMA and in the over sold RSI territory. It is little early to buy mana at this point where it hit its ATH and is due to establishing a key support. In my opinion the best entry for mana is around $1.65 which corresponds with the 50 EMA on daily chart. Long term price target based on Fib retracement at 1.68 will put us at 200% gain. This fib level is also supported by the bull flag measured move and also by the ascending channel pattern. I think Mana will have a short term correction so keep an eye at $3.15 and $3 for support.
COINBASE:MANAUSD
by EdgarTigranyan
4
MANA - Don't Miss This Breakout!In our last Mana analysis, we were looking at the higher timeframe and identified that price could retest the base channel and fibonacci before moving up. We had a nice move down and retested the channel perfectly and moved up 70%! We could be in a flat correction with a double bottom forming soon on the base channel. Trade Idea: Watch for another retest of the base channel and enter with stops inside the channel. If we break the red trendline early, enter with stops below the recent lows. First target will be the recent high and second target will be $6.
by Altsignals
2
MANA- Chart says YES, My eyes tell me NO ⛔⛔⛔Decentraland has been doing great. The Metaverse frenzy is On, I know. We have had a great trade on this (going Long at 2, closing just before 5$ and going short for a while) but right now I am CONFUSED!!! The chart (Technical analysis) tells me YES, BUY!!! A visit to Decentraland tells me a BIG FREAKIN NO!!! ⛔⛔⛔⛔ NO, Niet, Non, Nein, La, Nee, OXI RE MALAKA!!! ⛔⛔⛔⛔ Why?? Don't be lazy, just jump on Decentraland and take a look around. NOTHING WORKS!!!! I'm out, going after things that work and not this kind of hype. Sorry The Fxprofessor
by FX_Professor
16
Decentraland (MANA) - Long opportunity with +20-25% potential MANA is finally in an uptrend movement after having broken its resistance around $2.79. Despite today's bad performance of BTC, MANA has been very strong with a +23% gain however it seems that it's trying to re-test its support trend-line at the levels of $3.10-15. - On the 4-hour chart, we have a bullish MACD and RSI with a bit of margin before reaching the overbought zone. - On the 1-hour chart, the MACD is close to turn bearish however if the price bounces on the support trend line then it will remain bullish therefore, it's very important to ensure we don't break it to the downside. The RSI is close to a support level, happened twice today so I remain optimistic here. - On the 15-minute chart, we are still in a downtrend for the past 4 hours which is good as it will give some strength for the continuation to the upside. Levels to watch: - Re-test between $3.10 - $3.15 - Take Profit 1: $3.61 - Take Profit 2: $3.82
Long
by Stephane_ZH
Mana Possible upswing duplicating the last oneThe last MANA move was noticed by 'Viking after we collaborated we agreed that there was a parabolic breakout coming because .. ( in a bullish sentiment, and upward move ' should follow ' ) I am now seeing the same type of defined Elliot wave in Mana, and this could produce another parabolic upswing into the 6 dollar region and as high as 6.40 as marked on the chart. possible downswing or sideways as seen on the first Elliot wave entry. The moment I identified this, I had no choice but to update this TA as soon as I could. Happy trading!
Long
by CryptoAfterDark
2