Decentraland
Possible $MANA SituationPENNANT FORMING DURING ACCUMULATION PERIOD!
Ever since tapping its ATH of $1.60, MANA broke down and found support in the red zone.
I believe it will move sideways for the next couple of weeks in the .75 to .95 cents range before a move up to $1.60
After that, it will discover a new price above the 1.6 fib levels.
If there's one thing I've learned about crypto, it's that as long as the coin has a real use, then it'll someday get back to its peak levels.
*This is not financial advice, please do your own research*
P.S. Let me know what you think of this analysis in the comments, I would appreciate the feedback!
🆓Decentraland (MANA) Sep-2 #MANA $MANAMANA just got rejected at 1.1$ and it could fall to 0.85$ area in next few days and continue to move towards 1.25 and 1.7$ zone this September.
📈BUY
🔴Buy : 0.83-0.87$. SL if B
📉SELL
🔴Sell : 1.22-1.28$. SL if A
🔴Sell : 1.66-1.74$. SL if A
♻️BACK-UP
🔵Sell : 0.83-0.87$ if B. SL if A
🔵Buy : 0.73-0.77$. SL if B
🔵Buy : 0.635-0.665$. SL if B
❓Details
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
MANA-USDT Buy and HoldBUY AND HOLD
In addition, we remind you that as the popularity of the metaverse and the Decentralized Earth has increased dramatically over the past year, which has led to an increase in demand, the digital assets associated with them (i.e. their own MANA token, real estate / real estate / LAND prices, etc.) have also increased significantly in price. This, in turn, led to increased interest in investing in a metaverse / decentralized territory and institutional implementation (for example, recognition and penetration into the corporate environment / brand).; A trend that is likely to continue in the future, when companies such as Atari acquire large holdings to interact with customers. This, along with the growing popularity of the NFT market and related digital assets in a decentralized country (for example, wearables, collectibles, etc.), is likely to continue to stimulate the value proposition of a Decentralized country in the future.
By facilitating the new and complex process of investing, buying and renting in decentralized and similar implementations of the metaverse, Metaverse Property aims to make the process of virtual real estate transactions smoother through various service offerings. These include: real estate management, development, consulting, marketing and investment through Metaverse REIT. The Metaverse property provides access to a variety of offerings in the main areas of the Decentralized Earth, including Crypto Valley, Dragon City, Ether City, Vegas City, Fashion Street and District X. Thus, Metaverse Property strives for a vision of the future that simulates the "First Player Preparing", where business and real estate will exist in tandem at new frontiers, including both material and digital reality. The company strives to promote this vision and commitment to its core principles of creating the best places to call home by doing what is right.
Take into account that the NFT market tripled last year with a very strong movement by 2021. As more and more wearables, collectibles and art become represented by NFT and with broader overall investments in space, the demand for a mechanism for storing and displaying these digital assets will constantly increase. Decentraland and similar metaverse implementations are the main mechanisms for storing / displaying these digital assets, thereby adding an additional dimension to the Decentraland value proposition.
Investing, Buying and Renting with Metaverse Property Even though virtual land / real estate is becoming an increasingly valuable emerging asset class across the metaverse, many investors may be overwhelmed by the novelty or complexity of buying / renting / investing in Decentraland digital real estate.
To this end, one of the partners of the GDA Group, Metaverse Property, has tried to make the process of operations with virtual real estate smoother with the help of various service offers.
Metaverse Property is the first virtual reality-based real estate company in the entire industry, providing access to the developing virtual land industry through various metaverse implementations, including:Decentraland, TheSandbox, Somnium, Cryptovoxels, and Upland.
Metaverse Property facilitates the purchase and sale of virtual property in addition to a set of other services led by pioneers in the NFT and blockchain industry.
Some of these services include:
● Property management: includes renting out real estate to clients, technical and aesthetic services, collecting rent from clients, a contact point for all questions and requests related to clients.
● Development: managing the design, design and development of a building, as well as creating a project on the map.
● Consultations: assistance to real estate owners / tenants in making important decisions in the field of real estate based on virtual reality using their knowledge about the virtual earth in the metaverses, as well as about the blockchain industry in general.
● Marketing: Metaverse Property has reliable access to a growing advertising network that exists in various metaverses. In addition, the team has significant experience in marketing various projects related to blockchain and NFT. Thus, they have demonstrated the ability to increase accessibility and can do this for virtual land or enterprises.
In addition, Metaverse Property has created the first virtual real estate investment trust (for example, Metaverse REIT), providing investors with access to the best real estate assets in the metaverse without burdensome barriers to entry, such as developing technological savvy in the blockchain and metaverse market spaces. Consumers can get access through the Metaverse Property REIT token: NFT, supported by the company's virtual land and real estate portfolio.
As for Decentraland, Metaverse Property provides access to land in five Decentraland districts, including some of the following:
● Crypto Valley: A virtual land / district in Decentraland, where a community of cryptocurrency / blockchain-based projects unites to form a community focused on promoting innovation.
This comes from the name of its real-world counterpart, Silicon Valley.
● Dragon City: Dragon City combines ancient Chinese culture and modern Western civilization, reflecting a kind of fusion of East and West.
● Etherian City: One of the main attractions of Decentraland, covering the largest cyberpunk community in Decentraland. Some of the attractions in it include a nightclub, various living quarters, a specially designated area for tournaments, various playgrounds and other events. In accordance with its cyberpunk nature, the setting of this area seems futuristic and includes an environment stylistically similar to "The First Player at the Ready".
● Vegas City: True to its name, Vegas City in Decentraland is actually a double of its real counterpart, Las Vegas. This is a party city, a Decentraland gambling district designed to mimic Vegas. There are many casinos, shopping centers, nightclubs, concert / concert halls and other entertainment venues.
● Fashion Street: This area reflects the real brands of leading brands (for example, Gucci, Prada, RalphLauren, etc.) and brings the same concept to Decentraland. In fact, Decentraland users can go to Fashion to get a more detailed shopping experience.
● District X: District X is the" red light district " in the Decentraland community, which contains many adult services, such as: VR pornography, dating services, adult e-shops, adult online chat and much more.
In particular, some of the offers that Metaverse Property owns or offers in Decentraland itself include the following:
● Global Digital Assets Estates
● GDA Dragon Estates: Global Digital Asset Estates near Dragon City.
● GDA Crypto Valley Estates: a meeting place for startups and investors.
● GDA Aetherean View,
● GDA Plaza Estate
● University-related district plot: A nice plot on the University highway, beautifully located within the district. It is suitable for driving on roads due to its proximity to the motorway.
● Plot associated with Anarchy International: a plot of land located with coordinates (x, y) = (30, 65) in Decentraland.
● The site connected to the conference room, on the main road: this site is an ideal opportunity for business / commerce due to the active activity around it and its convenient location.
● Fashion Street Estate: One of the most affordable estates on Fashion Street.
● Large Genesis Plaza Estate: This is one of the largest estates for sale in all of Decentraland, with a great location in close proximity to Genesis Plaza.
● Legacy of Blockchain Names: This estate includes some of the leading blockchain domain names in the world, including:
BlockchainJobs.com, CryptoInsurance.com, BlockchainSports.com and NewYorkBlockchain.com
Metaverse Property company adheres to the vision of the future, which simulates Ready Player One, where business and real estate will exist in tandem at a new frontier, including both material and digital reality. The company strives to promote this vision and commitment to its core principles of building the best places to call home by doing what is right.
In addition, Metaverse Property is headed by co-founders Michael Gord and Jason Cassidy, each of whom has extensive experience in finance, consulting, software and blockchains.
🆓Decentraland (MANA) Aug-12 #MANA $MANAMANA has conquered the $0.75 zone and is heading towards the $1 and $1.2 zone by the end of August. But if it loses the $0.75 zone, the $0.65 zone is still a strong support for us to buy in
📈BUY
🔴Buy : 0.73-0.77$. SL if B
📉SELL
🔴Sell : 0.975-1.025$. SL if A
🔴Sell : 1.17-1.23$. SL if A
♻️BACK-UP
🔵Buy : 0.635-0.665$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
Mana eye balling $1We have just broken out of a consolidation phase, broke along the top now on a slight retest. We should see a nice uptrend followed by another pullback creating a Double Bottom which would send us on our way towards $1 as we head into the weekend.
2 Indicators we must pay attention to is if we break back into the consolidation phase & test the lower resistance, this could indicate a reversal. Also the RSI has shown strong Uptrend patterns repeatedly, as we bounce off this RSI resistance we should continue on an upward trend. But if we break below this trendline then we will see a reversal throwing us into another Consolidation or breaking this trend & getting Bearish.
Decentraland's MANA... next stop $1Are you into the NFT craze? If you're not, you should be, and MANA is a great way to get involved. Plus, chart is bullish. I think that we will see a $1 MANA again, soon! Look at that sweet "W" on the daily And, the RSI is printing an inverse H&S pattern :-)
Happy Trading y'all! And don't get shaken out of this market!!!
MANA is going up again to $1.2As the chart shows:
- MANA has formed an Ascending Triangle pattern
- Prices are testing resistance more and more and have been near it for a while
- MACD sounds promising
In my opinion, this great project might go up again following this ascending triangle pattern to about $1/1.2
Thanks for reading!
Decentraland Wave Incoming? [MANA]MANA could be in the process of forming the C leg of a classic ABC correction/reversal pattern that normally occurs after a 5 count wave to the downside. If so this move could send the crypto up to a test of the $1 psychological price level. From where it stands that would be a cool 45% move to the upside.
The price has about a 5% move to the downside if it wanted to go back to the closest support level, so keep that in mind before entering any longs right away.
However, if you can stomach a possible 5% loss right out of the gate, you could very well be rewarded as MANA is also sitting above a strategically important level at the .236 fib level, an area that is often respected and associated with price reversals after capitulations.
This is a good one to catch before price begins to run away from our .236 level which could be imminent with the recent steam that the overall crypto market has began to find.
PLZ USE ALERTS/STOP LOSSES
Decentraland (MANA) - July 20Hello?
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(MANAUSD 1W Chart)
If the price holds above the 0.36122450 point, it is expected that the uptrend will continue.
(1D chart)
If the price is maintained in the 0.53293870-0.70458127 range, it is expected to turn into an uptrend.
To continue the uptrend, it must move above the 0.79040255 point.
If it falls in the range of 0.27547486-0.36129613, it is expected to enter the mid- to long-term investment area, so careful trading is required.
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(MANABTC 1W chart)
If the price is maintained above the 1131 satoshi-1333 satoshi range, it is expected that the upward trend will continue.
(1D chart)
Looking at the big picture, the 1473 Satoshi-2295 Satoshi section is a sideways section.
Of this sideways section, it is falling to the 1473 Satoshi-1884 Satoshi section, which is the lower sideways section.
If it goes down, we should see if there is support in the 1336 satoshi-1473 satoshi range.
To accelerate an uptrend, you need to break out of the downtrend line.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking about the indicators in reverse.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations shown in charts
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
MANA Possible break and bull run out of falling-wedge (4 HOUR)Thank you for coming today!! 👋💲
I was just checking out a chart of our popular MANA 💧 token, and we see on a 4 hour view a nice falling wedge pattern🆗.
For a good open position, it is wise to see if we can break this structure and have a healthy retest before entry. (It is always possible we break and impulse correct downwards, but I do not think that is likely.)
If we drop below approximately 0.66 I would say we are going down to retest the bottom of structure once again.
🔎📌
MANA💧 🌡 is a token used to make it easy for users to own and trade digital land . Sounds crazy but its very popular 🏕🏙🛤🛣😅.
It is correlational to ETH , so remember to keep an eye on ETH if you decide to invest in this token. I have listed above my buy points and target points🆗💧. (For more on ETH feel free to look at ETH chart and fundamentals linked to this post😃)
About 3 months ago, MANA reached it's all time high price of $1.63 USD, I think we can easily see at least $0.88 in the near future.
Long term price prediction is more in the 4 dollar range for this year.
However, I believe that with the collapse of fiat, both digital and tangible real estate will become increasingly popular this year.
Optimistically my price prediction for MANA💧 goes as high as 10 dollars within the next 2 years. ⏬⏬
Reason being: Decentraland at the beginning of 2021 had approx. 1.5 thousand users, to date there are approx. 20,000 users 👉 1233.3% increase in number of users in less than a year, imagine what the next couple years can do!
Just 3 weeks ago a plot of land sold for almost 1 million dollars on Decentraland, let's not overlook this token/Dapp!
Let's see and always remember ⏬⏬
🛑This is not financial advice🛑 Above are approximate targets based on fibs and major trend-lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Jazerbay ☯
$MANA/USDT 4h (Binance Futures) Ascending channel breakdownDecentraland has broken bearish locally and is likely to retrace down after 50MA retest.
Current Price= 0.6676
Sell Entry = 0.7171 - 0.6919
Take Profit= 0.6313 | 0.5832 | 0.5273
Stop Loss= 0.7657
Risk/Reward= 1:1.2 | 1:1.98 | 1:2.9
Expected Profit= +20.78% | +34.44% | +50.30%
Possible Loss= -17.38%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 10 days
MANA toke is ready for a big moveSupport and resistance levels:
From November 2020 to April 2021 the price line of MAN token surged more than 2600%. After finding strong resistance at $1.55 0 the priceline found nice support at $0.50. Right now it is moving between the $0.80 resistance and the $0.50 support level. If the $0.80 resistance will be broken out then we have the next resistance levels at $1 and $1.20. Once candlesticks will break out the $1.20 then MANA can easily move up to break out the next resistance at $1.55.
Daily SMAs and a possible death cross:
On the daily time frame, the price action has recently broken out the 200 and 50 simple moving averages. Now we have the next resistance of 100 simple moving average approximately at the same level where we have the $1 resistance level. The 50 simple moving average was moving down aggressively to form a death cross with 200 SMA. Now it is turning to the right side, therefore, it is possible that now this expected death cross will be avoided. However, if the death cross will be formed then the price action can still move towards the upside. Because the death cross will be formed below the candlesticks and there is a good support of 50 and 200 simple moving averages below the price action.
Bullish harmonic Cypher move:
n the weekly time frame chart, the price action of MANA has formed a big bullish Cypher, at the moment the priceline is moved up after visiting the buying zone, but it is possible that it may give us another chance to catch from the potential reversal zone if BTC takes one more dip. As per the Fibonacci sequence of Cypher, the buying and sell targets can be as below:
Buy between $0.6937 to $0.4283 (There is also strong support at $0.50)
Sell between: $0.9026 to $1. 40
There is also strong support at $0.50, therefore we can also set this level as a stop loss. As per the above targets, this trade has a big profit possibility of 220%, and the loss possibility is 38%, but we can also use $0.50 support as a stop loss to minimize the loss ratio.