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Decentraland

Favorable TA coupled with NFT wave narrative for MANABullish penant has formed and consistently held throughout both the dump and subsequent pump of BTC which obliterated most altcoins. MANA is one of the very few coins that has not retraced significantly during the altcoin bloodbath having formed a strong pennant. Record volumes also preceded formation of the pennant, suggesting a huge volume of MANA changing hands and importantly the new buyers being highly confident in the upward potential of MANA. The new wave of NFT token narrative and MANA being the most popular decentralized protocol for NFT and VR-based assets, it is clear it is the frontrunner for the big money to ride the wave of NFT tokens. Grayscale backing further serves as a seal of quality for institutional players to participate. TA indicates the potential to reach north of 2200 sats within Q4 2020.
Long
by Goldsworth
MANABTC - A nice impulse move on weeklyNice impulse move on weekly, but needs to be careful here, usually alts can grow fast at first, but then they can experienced a long pullback. So, I'd be careful with longs here. It's better wait for a confirmation and close / open new weekly candle above monthly-long resistance (900 satoshi). If we hold above this resistance I'm long with the target at 1700 sat. Hit the "LIKE" button and follow to support, thank you! Information is just for educational purposes, never financial advice. Always do your own research.
by Bitduke
Decentraland Crypto Signal [MANABTC](227%)We are aiming for the first green arrow but there is still room for another drop with additional retrace... Below you can find the full numbers for our Decentraland (MANABTC) trade signal... Wishing you great profits, wealth and success. --------------- Trade: Decentraland | MANABTC BUY: 0.00000380 - 0.00000420 NEXT SUPPORT: 0.00000320 - 0.00000340 TARGET: 1) 0.00000545 2) 0.00000610 3) 0.00000700 4) 0.00000790 5) 0.00000850 6) 0.00000945 7) 0.00001200 8) 0.00001340 PROFITS POTENTIAL: 227% (Buy calculated at 0.00000410) STOP: Close weekly below 0.00000280. --------------- This is not financial advice. Thanks a lot for reading and for your continued support. Namaste.
Long
by AlanSantana
Decentraland (MANA) Also Recovers... Chart AnalysisWe looked t Decentraland (MANABTC) very recently, on July 21st, shared below... Now, after a strong shake out, prices are starting to recover. The same view as below remains... We are looking bullish above EMA10/50/100/200, MA200, and bearish below. MANABTC is likely to continue growing if the daily candle closes above the blue trendline marked on the chart above. For additional details/analysis... Click on the image below. Previous chart from 21 July Thanks a lot for your support. Namaste.
by AlanSantana
2
Decentraland Ready Crypto Signal [MANABTC](227%)Here we have a full trade signal for Decentraland (MANABTC). First shared in late March and now getting ready to move. Wishing you great success & profits. --------------- Trade: Decentraland | MANABTC BUY: 0.00000380 - 0.00000420 NEXT SUPPORT: 0.00000320 - 0.00000340 TARGET: 1) 0.00000545 2) 0.00000610 3) 0.00000700 4) 0.00000790 5) 0.00000850 6) 0.00000945 7) 0.00001200 8) 0.00001340 PROFITS POTENTIAL: 227% (Buy calculated at 0.00000410) STOP: Close weekly below 0.00000280. --------------- This is not financial advice. Thanks a lot for your continued support. Namaste.
Long
by AlanSantana
12
$MANA Huge Upside Potentital Looking at $MANA (Decentraland) on the daily timeframe Again just like most to all other altcoins, MANA has been in accumulation. However, this coin looks sort of like the $THETA coin that just had it's parabolic rise of over 1000% and news articles covered it By saying this I mean $MANA has been in accumulation for almost a year now The longer the accumulation period, the higher the price will slingshot up Accumulation zone is 366-439 sats, wide range yes I know. Clearly marked out levels on the chart so you can easily eyeball the moves that are about to take place. I tried entering at just under 439 sats but got stopped out with a tight SL, waiting on re-entry 1st distribution target is 580 sats 2nd distribution target is 751 sats Unlike Ravencoin and MATic network, I sort of have a clue what MANA does as a coin. It runs on the Ethereum network as an ERC-20 token and Decentraland is a virtual game where you can own shares of the land all tokenized on the blockchain Please be patient with this coin, this is a daily timeframe so don't expect the price to yeet in price the second you buy it screaming Mclaren mclaren.
Long
by kyer
4
DCL Blogger - your source of all Decentraland knowledge :)Firstly - none of the information posted by me should be treated as financial advice - it can only be taken as an observation of an individual who tries to understand market mechanics for a good few years now. On a daily basis, I work in the engineering sector which requires a high level of specialization - trading is not my primary, but only an additional source of income. I'm a swing trader who does not use leverage - I only follow trends with significant amounts of support. It is no mystery that I trade rarely, limiting my exposure and risk... it is my way, it works for ME. Every trader has a different approach, beliefs, strategies, habits and other characteristics, so don't ever believe anyone that tells you, that they're way is better than your own - they're lying. How it should be approached (my opinion) : IMPORTANT: If you look at other trader's analysis for confirmation of your view - you are already doing it wrong. You should only look at others in order to educate yourself - remember to always take your own conclusions instead of blindly following others. At the end of the day - it's your money... Now down to business : Every analysis should always start from looking at the bigger picture - Long time frame charts, so this is what I'm going to look at first. Since 17 of june 2019 we are in consolidation. According to Investopedia : Consolidation is a technical analysis term referring to security prices oscillating within a corridor and is generally interpreted as market indecisiveness. Said another way, consolidation is used in technical analysis to describe the movement of a stock's price within a well-defined pattern of trading levels. Consolidation is generally regarded as a period of indecision, which ends when the price of the asset moves above or below the prices in the trading pattern. Let's start with the risk: We are currently at the highest price point since September 2019. That's definitely a good place to sell - if MANA was bought any time between now and then. We cannot say yet if we are going much higher since price oscillates around 500 satoshis - previous highs wasn't broken yet. What we need to see in order to increase our assumption of the probability of a significant upward move is a daily candle to break and close above these levels - and that's not all. I never go into a trade if there is no confirmation of a breakout. What I mean by confirmation in this case: If let's say (today) daily candle (or any other day) closes around 580 satoshis and next day or a few days later drops back down to around 500 sats, while closing above this level (as you can see confirmation sometimes takes few days in my style of trading) I would consider this trade as one with pretty high probability of profit and would go in with appropriate position size in order to limit my risk and exposure. This way I can sleep at night :) and maintain a profitable trading account. Another important aspect of trading is appropriate placement of a stop loss. Showman says they cut losses short and let winners win BIG. The truth is that tight stop losses often eliminate you from a game - in here all is about patience and discipline. Some people would laugh if I would say my SL would be around 350 sats area, but the reality is that also I see here possible ascending triangle (in red) formation where suggested entry would be close enough to my stop loss anyways (as of today and if we don't break above resistance which for now is holding strong). If it comes to long term targets - I marked them with green lines. You can scroll and zoom to see long term targets. For now, we are still in consolidation - regardless of recent bullish sentiment. Hope this helps :) Adam.
by crypto_poet
MANA gaining strength for the next rally +50% profit opportunityHey guys welcome for a fresh crypto update -------------------------------------------------------- A request from all of you to please like and follow our Hard work to keep encouraging us, there's no fee for likes and followings :) -------------------------------------------------------- so here MANA Decentraland looks good for a buying opportunity under 575 sat expecting another rally towards 850-900 sat zone -------------------------------------------------------- as wave 2 looks already completed at FIB5 and next wave will take previous highs, however 470 sat will the best stop incase things goes wrong -------------------------------------------------------- Take entry under 575 sat Target +850 sat SL 470 sat -------------------------------------------------------- Thanks for reading... -------------------------------------------------------- this is Husain Zabir, signing out Thankyou...
Long
by Husain_Arkghazi
1
MANA A breakthrough of the 50% accumulation channel occurs. There is a breakthrough of the accumulation channel. It is important that the price fixes above the channel resistance. If this happens, it will mean that the side trend is changing to an uptrend. ENTRANCE + Stop Loss Entrance now or on a rollback after a breakthrough of the channel resistance Stop Loss under the channel resistance line. TARGET. The first target to the first resistance is + 50%. Next, how will the price of resistance react. All levels on the chart. If after a breakthrough the price rolls back and consolidates below the resistance of the channel , thereby forming a false breakdown - trading in the accumulation channel. Wait for a new good entry point: 1) from the bottom of the channel after confirmation of support. 2) the entrance to a new breakthrough of channel resistance.
by SpartaBTC