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Decentraland

Decentraland announces land trading marketplace...partnershipsLooking great since the last time I posted about it, Decentraland's Mana coin and associated gaming platform have seen some serious innovation. Opening a new market-place just two days after I posted my last update, Decentraland now allows holders of land to trade, buy and sell their property. In the works? A partnership with Opskin a platform for buying, selling and trading in-game items. These are major milestones and the community certainly looks to be supportive... Following a steep correction after reaching an ATH in mid-March, MANA's market cap dropped more than $16 million. THEN, recovery began. After price action bounced from the .382 shooting through 2 horizontal resistance points (black and yellow) it fell again, but not as steeply, from the .236. Since then, Mana has maintained its place above the .382 on my Fib, riding support, which could bring it back to the .236. Volume does seem to have tapered out though and there is always the possibility that price action will fall back through support hitting the .382 once again. What are your thoughts on Mana and their unique approach to VR entrepreneurship?
Long
by theJadeCrow
1
MANA/BTC - 3/19/2018Good Morning, Traders! MANA may be in the process of an upward sloping head and shoulders pattern. The neckline was formed with about 4 points and it is now in the process of forming its right shoulder. The current price just tested the resistance level at the 61.8% fib retracement which may have formed the right shoulder already. The volume that is seen during the formation of this shoulder (if it is complete) is not a significant amount and therefore may hinder the effectiveness of the breakout. The breakout is expected to last until the price of 0.00000829, this is measured using the distance between the left shoulder and the neckline. If the right shoulder hasn't completely formed, the formation of the "shoulder" may not be relevant at all because, at that point, the price may just be traveling at an upward trend (the "neckline"). The price touched this line once before the formation of the first shoulder and may do so after the last shoulder, ruling our head and shoulders pattern obsolete. Important Resistance Levels: 1121, 1061 Important Support Levels: 968, 838 DISCLAIMER WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK. CONFLICTS OF INTEREST GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN. Written by: Arham Bheda Senior Research Analyst
Short
by EQBM
MANABTC Bullish Pennant - 75% ProfitHey Guys: BINANCE:MANABTC is our next coin of discussion. It looks as though BINANCE:MANABTC is forming a bullish pennant . Should the pennant break, we could see profits of up to 75%. Using the height of Pole A, we can estimate the peak of the second rise; should there be one. The estimated peak from Pole B just happens to also stop at the peak of our Fib Extension. Entry Point: Look for the price to break the pennant. After breaking from it, I'd wait until the price cleanly breaks through the next Fibonacci level. i,e., If the price stays within the pennant over the next month and breaks on March 16th, I'd wait until the price rose above the 0.382 Fibonacci level. Target Points: (1) 0.00001720 (2) 0.00001935 (3) 0.00002242 (4) 0.00002632 Stop-Loss: Again, we will wait until we enter e position before gauging an appropriate stop-loss. Indicators: *I didn't include the normal MAs because of the initial listing of BINANCE:MANABTC . Those prices mess with the calculations of the MAs and are not reliable. So, we'll use them at a later time. Sniper T3-CCI We are going to keep an eye on this as time unfolds. Should the price fall below the 0.236 Fibonacci level, we should expect this to follow and confirm a downtrend. Candlesticks: The two candles above the red arrows raises some questions: The first one shows large wicks and very little body. This indicates that there was a big battle between buyers and sellers. Although the sellers won, the result wasn't dominant. The second, today, shows a hammer. Now, the hammer is still bearish; which doesn't necessarily support our claim that a rise is eminent. Ideally, we want to see the bulls takeover as the rest of the day unfolds and turn that sucker into a green hammer. Summary We'll be keeping an eye on this coin over the next few weeks. I'm going to wait for the confirmation of an uptrend before entering a position. Good Luck! -Matt
Long
by TroutHouse
1
Buy MANAMANA finds support. After a correction that has lasted for just over a week, MANA token has found support at their 50 day EMA, which has been a reasonably strong support since the beginning of December. That said, one key factor that traders should bear in mind is that residents of the Decentraland are actively preparing for the opening of the platform and hiring designers to embody their most interesting fantasies. As things stand, the token looks set to continue its uptrend over the coming weeks. For now, the token is a fair distance from overbought territory, whether you look at the Bollinger Bands or the RSI, and looks set to move higher.
Long
by LudwigStirner
4
Decentraland Growth PotentialI don't really think VR has a positive potential over Mixed Reality, but that is a whole different story. Given the currency price of 11 cents plus the fact that MANA is partnered with Aragon, I see some inevitable growth potential. While they entered the market with hugely negative correlations, this price seems like a dip given the potential of higher demands. If they grow at the same rate of the rest of their partners from current price, you are talking about at least a 440% positive growth potential with medium risk.
Long
by gamer456148
MANA/BTC SHOWS POTENTIAL SIGNS OF HEALTHY AND POSITIVE ACTIVITYSeems like MANA might have finalized its bearish cycle and will be breaking out at .618% FIB retracement from its peak on January 17th. Based on thecurrent 10-day resistance level seen at .0001251 , I project a breakout heading to previous peak between .00001388-.00001400 - If this new resistance is broken, our next target according to the channel in which the asset is navigating at the moment would be no less than .00001590 according to Elliot Wave rules of application.
by ZpaceBuddha
DecentraLand MANA ForecastSpotted an Elliot Wave on 2 hour chart. ABC patter is present. MANA seems ready for another go. From my end this is a blind prediction and it may not reflect what I've draw due to many factors. However I am hopeful of the outcome. Also provides an opportunity for swing trading. Take into consideration candlestick patterns and support/resistance positions. Furthermore plot trend-lines, include Stochastic Oscillator & RSI and it should be fairly easy from that point. I combined Elliot waves, fibonnaci and harmonics pattern to arrive to a conclusion. I did not clutter the chart and decided to plot the Elliot Wave only for simplicity. Like I said this might be a long shot however everything is possible. This EXACT pattern occured between 16th - 14th December 2017. History has a habit of repeating itself! This is not an investment advice, always do your own research.
Long
by itradearn
Mana ready to TAKE OFF! Now is the time to buy. Mana has nowhere else to go! Remember also, that this project - Decentraland MANA Just finished auctioning virtual land for more than $200 000 000 worth of MANA, which they said they will burn. Apparently Alpha version of explorable Decentraland VR is coming soon! Are you ready for virtual reality on Blockchain? Its own Vegas city, gambling district, Blade runner town, Redlight disctict, Chinatown, university and festival land and many more>? This thing is Big!
by furius
5