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Decentraland

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
Fake Bullish Flag w Dead Cat Bounce (high chance) before real coEarly today 11/10/2021 (US time) or late today 11/10/2021 (Asia time) there was a big sale off made the price of MANA dove down to $2.3. This is a signal of big hand is stop-loss withdrawing from the MANA, it is very obvious MANA would not reach any ATH above $4 anytime soon by end of this year. I would suspect a lot of day-traders on this tradingview platform tricked new investors to buy in right now. I am personally taking an HoDLer approach to see the Resistance 2 need to be retested again before we can see if MANA can pull its wing above $4. The main reason I think it is a fake bullish flag is that there are signs of a dead cat bouncing around. Still, if we are going to the Bullish flag then sure most likely MANA would jump. However, be warned, technical analysis is not everything to look at the graph. You need to understand BTC run cycle is coming near, then ETH runs, so a lot of bleeding effects will happen when a major coin running. The chance of MANA going 5x from now to get that $20B is equal to BTC gaining $1T in the next 12 months. There is no signal that whale or big investor would put more money for MANA above $4. If it is then we should have had at $5 by now, however, the reality is that we are at the $2.6 range and have been sideways for more than a week. It is a crucial time to think through this. The attractiveness of MANA is at $1.6 range but not $2.4. This is not investment advice, this is merely a reflection of my perspective on the current situation! Good luck!
Short
by Haizsama
9
Fake Bullish Short-term but Strong Bullish Long termWe are looking at the 2h table graph with a very long sideway which often behaves like a bullish flag. However, with the recent BTC move and long sideways, the market psychology might be a bit bearish on MANA and push BTC price above $120,000. The resistance area of $2.4/MANA is strong but the option may change if the majority of MANA holders decide to not buy higher than $2.5 then as the Flag appeared, they might change their positions for a lower price within a short time. With the current Meme Coin and different new "game coins", the investors are more volatile between coins and assets so if the return rate is less than 300% then the whale might make a huge dump to make the Bearish short term momentum for short term investor. However, as MANA retracts to as low as $1.5 or $0.9, this is the ideal spot for everyone to accumulate and this is when the next Bullish run is going to happen to initiate the next $4B-$36B cash flow into MANA. BINANCE:MANAUSDT
MLong
by Haizsama
5