Decentraland Can Easily Do 66% [MANABTC]Another money making gem within the cryptocurrency markets.
MANABTC generated great profits for as well back in June '18. Generating over 130% profits. You can see it here:
Now I believe that MANABTC will move again and can easily generate 66% or even more. Additional profits potential shared on the main chart above as well as target.
I also marked the demand/support zone, as well as the stop loss zone.
I'll be back here in a few days to update and post "Target reached"...
Thanks for reading again...
Namaste.
Decentraland
Decentraland (MANA) | 89% Potential Profit | FREE TRADING SIGNALPair: MANA/BTC
Exchange: Binance
Trade Duration: Medium
Risk: Moderate
Introduction
Decentraland is a virtual reality platform powered by the Ethereum blockchain. Users can create, experience, and monetize content and applications. Land in Decentraland is permanently owned by the community, giving them full control over their creations. Users claim ownership of virtual land on a blockchain-based ledger of parcels. Landowners control what content is published to their portion of land, which is identified by a set of cartesian coordinates (x,y). Contents can range from static 3D scenes to interactive systems such as games.
Technical Analysis
- Downtrend Flipped Support
- Broke Descending Triangle + Downtrend
- RSI Breakout Confluence
- Closed Above Important Level (0.00000995)
Our Entry Zone
0.00000995 - 0.00001055
Our Targets
1: 0.00001230
2: 0.00001480
3: 0.00001630
4: 0.00001880+
Our Stop Loss: 0.00000940
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Crypto Eye Team
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DISCLAIMER:
This analysis is not financial advice and the Crypto Eye are not financial advisors. We are sharing our opinion, nothing more.
Please do your due diligence. Trading cryptocurrencies is very high risk and you can lose your entire investment.
MANA/BTC IDEASFirst time poster. Take it with a grain of salt but been watching MANA for some time. Looking for volume to lift it over resistance at the 1000sats and into a new uptrend. As always bitcoin price movements may scare traders off and push it into another downward leg.
Feel free to comment at this point I am just trying to read and learn as much as possible.
EOS Decentralized OS EOS is a blockchain platform for the development of decentralized applications (dapps), similar to Ethereum in function. In fact, supporters have dubbed it the Ethereum killer. It makes dapp development easy by providing an operating-system-like set of services and functions that dapps can make use of.
The idea behind EOS is to bring together the best features and promises of the various smart contract technologies out there (e.g. security of Bitcoin, computing support of Ethereum). Simply put, the EOS community is working to provide one simple to use, massively scalable dapp platform for the everyday user.
Sellers are drying up, accumulation phase now - 1050-1100 satsWrite in the comment what you expect from the current trend.
Bearish sign flags are outfueling while accumulation phase starts now.
Very low risk trade with high potential.
I can expect an uptrending accumulation phase now with possible a very likely long trend up.
Tell me what your thoughts are.
Thank you
Decentraland, Focusing on climbingWhat Is Decentraland (MANA)?
Decentraland is an Ethereum-powered virtual reality platform. In this virtual world, you purchase plots of land that you can later traverse, build upon, and monetize. There’s no limit to what you can do. It’s the first digital platform that’s completely owned by its users.
MANABTC Falling Wedge ReversalLooks like a falling wedge on the daily timeframe, and we are approaching strong support level. Keep an eye on this one. Fundamentally it's an under-hyped project which could really become a big deal. Virtual land ownership in the first virtual city will be a hot commodity one day i believe.
MANA and the grand triangleMANA is closing the upper trendline of triangle. Breakout will cause the price to reach 1480 and 1575 areas of resistance. Still there is a chance price will bounce from it and go down to 1400. Even in this scenario I still feel bullish for MANA.
Check day chart for bigger picture.
LONG MANA What does the Higher time Frame Analysis Show Us?
Bullish
The RSI Stochastic appears to be crossing over shortly to the bearish side, that does not seem to be deterring based on Market Sentiment and accumulation.
Moving Averages for the 15/90/55 appear to be all crossing over at once, when this happens it usually brings about unprecedented volatility to the upside.
Volume has been consecutively on the buy-side favour.
Volume has been decreasing since the 6th of this month based on fundamental news that Colliers International, the Property Consultancy Group were partnering with MANA.
Accumulation has been active especially as individuals brought the dip.
MACD crossed over several days ago and does not appear to be running out of steam
Bearish
The RSI Stochastic appears to be crossing over shortly to the bearish side, that does not seem to be deterring based on Market Sentiment and accumulation.
Has increased by close to 14% over the past several days, this could see a fall - this is HIGHLY UNLIKELY according to Nouvive Intelligence.
Where will MANA go over the week?
Nouvive sees an entry point at 1435 to fill a gap there - however that is highly unlikely, it appears that based on favourable price action, momentum and market sentiment it will be breaking above the current resistance of 1491. That collated with Bitcoin soon to be breaking out of its downtrend and finding its temporary bottom will carry the price of MANA up.
Nouvive sees a trade from current market levels to 1435 with a stop loss just above 1400 and a take profit at 1745.