Decentraland
MANA/USDT Maybe some correction is needed.Hi Dears
Why MANA/USDT is going for correction?
In this idea, I would tell you the answer to this question in a brief and useful format.
First of all, we are moving near the weekly supply in the control zone.
Second, the volume is decreasing.
Third, the RSI shows clear Divergence.
And at last, the rising compression pattern is made.
So I think that correction is near.
You have to wait until the trigger is activated. Maybe the price wants to spike to the supply zone that is likely fake for gathering the liquidity and then starts to fall.
Sincerely
Hosein Poursaei
MANAUSDT Ascending Channel!MANAUSDT Technical analysis update
Short level : Above $0.735
Stop loss : $0.776
Take Profit 1 : $0.700
Take Profit 2 : $0.650
Take Profit 3 : $0.565
Always keep stop loss
Thanks
Hexa
Decentraland shortDecentraland broke trough the support level. Asset broke trough the ascending trendline. Bearish movement to support level at 0.64 is possible.
Mana liquidity levels.76 cents has been significant since June and and we are again below it so in the past month we have build up .71 .72 cent area as a liquidity area so we may have less trouble breaking through .76 @ .74 cents i am waiting on a test at .76 and a retrace to at least where we are now .74c
Decentraland (MANA) formed bullish BAT for upto 15% pumpHi dear friends hope you are well and welcome to the new trade setup of Decentraland (MANA) with US Dollar pair
Prevously I shared a long-term trade setup for MANA, which is still in play as below:
Now on a 4-hr time frame, MANA has formed a bullish BAT pattern for another price reversal move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
MANA: Short term BullishWho knows how the markets will respond to the Fed on Wednesday and Friday this week? It doesn't have to make sense. Inflation should have bolstered crypto because it's inflation-proof by design...but that didn't happen last year. This just means, for me, I will keep a close eye with tight stop losses. MANA is currently set up to at least revisit the resistance of the ascending channel (green), around $0.82. Following its rejection at $0.81, MANA has consolidated around the middle of the channel and is showing strength as it follows support (red dashed line). It may retrace back into the channel before heading higher to the low-mid $0.90s. The MACD isn't horrible and beginning to tilt upwards to cross into bullish territory. This post is not financial advice.
DYDXUSDT Resistance Zone Breakout!DYDXUSDT Technical analysis update
Buy zone: Below $2.65
Stop loss: $2.15
Take Profit 1: $3.05
Take Profit 2 : $3.70
Take Profit 3 : $4.20
Max leverage: 1x
Always keep stop loss
$MANA/USDT 12h (#Bybit) Rising wedge breakdown and retestDecentraland looks locally topped here and seems likely to retrace down to 200MA / ascending TL support.
⚡️⚡️ #MANA/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (2.3X)
Amount: 6.5%
Current Price:
0.6955
Entry Zone:
0.6975 - 0.7465
Take-Profit Targets:
1) 0.6070
2) 0.5205
3) 0.4340
Stop Targets:
1) 0.8180
Published By: @Zblaba
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +36.6% | +64.2% | +91.7%
Possible Loss= -30.6%
Estimated Gain-time= 3-4 weeks
Website: decentraland.org
Mana longPennant chart pattern is our friend here, a breakout to the upside on H4. Price closes above, confirms buy bias. Wait for minor draw down to buy cheaper or take a buy position now on spot.
Mana off the orderblock retestWe are retesting .76cent and the it looks like the area of confluence is .98cents
MANAUSD Breakout Great Breakout by MANAUSD
Strong downtrend in red but that has been cleared with the recent move!
This is a very strong pick for the continuing bull moves
MANA: Slow but Steady ConsolidationSame chart as two days ago...still consolidating within range. As much as it is following the parallel channel(s) for a bullish scenario, should supports fail, the bearish M pattern is still on the table. Just below $0.81 and again at $0.91 will bring resistance should MANA break higher. A drop below $0.59 would invalidate the C&H. This is not financial advice. Keep an eye on the price. Apple news is always great, but they will ultimately do their own thing...because that's what Apple does. Do you own VR products or just trade? Adoption is key...consider investing in some hardware.
Decentraland: Indecisive 🙅🏼Decentraland is currently moving sideways, being quite tempted by our alternative scenario with a probability of 35%. In this case, the coin would exceed the resistance line at $0.7813 and rise into the blue target zone to finish up the pink wave alt. before heading back South. Primarily, we expect Decentraland to get back on track to fulfill the corrective low of the pink wave within the pink target zone. Once completed, the coin can start its bullish maneuver and climb North.
MANA: Pullback in UptrendDecentraland (MANA) technical analysis:
Trade setup : Price broke back above $0.42 and $0.60 key levels, and above 200-day moving average, with robust volumes, which are indications of bullish trend reversal. Pullback near $0.60 support could be a swing entry in Uptrend.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $0.60 (previous resistance), then $0.42. The nearest Resistance Zone is $0.75, then $1.00.
MANA $1.20 boundMANA broke the resistance of the macro descending channel (orange) 4 days ago and is currently still above that zone. Although there is a potential 'M' pattern forming (red), there is tremendous support all the way down to $0.59. I think the latest momentum and industry growth leans toward a more bullish scenario. Although these are simply my views and not financial advice, I believe MANA is going to follow the micro descending channel (aqua) as part of a greater ascending channel (green) as it completes a cup and handle pattern that began November 4, 2022. Should MANA break below these channels, in favor of the M pattern (red), I would expect the price to dip back to the $0.30 area.
MANA: Approaching ResistanceDecentraland (MANA) technical analysis:
Trade setup : Price broke back above $0.42 and $0.60 key levels, and above 200-day moving average, with robust volumes. Trends have reveresed to an Uptrend. Now approaching $0.75 resistance and is overbought (RSI > 75), likely to pull back some, before resuming uptrend.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish but extremely overbought. (MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance : Nearest Support Zone is $0.60 (previous resistance), then $0.42. The nearest Resistance Zone is $0.75, then $1.00.
MANAUSD: Potential Double Top ProjectionWe have Bearish Divergence oin the RSI and some choppy Bearish Divergence on the MACD if that Divergence plays out at these levels that could begin to put us in anM structure that would take us back down to 30 Cents
MANA decentralandAfter a break of resistance a pull back is possible before the downtrend continuation.
MANA still has some juice left!after retest of the broken resistance at $0.625 area we can see another impulse up.
let me know what you think.
Decentraland MANA showed good growth, but may be a correctionFor more than a year, the value of game tokens has shown perhaps the most painful fall.
But with the chiming of the chimes on New Year's Eve, MANA buyers started aggressive purchases, which caused a huge price increase.
At the time of writing, the value of MANAUSDT has increased by +166% in 17 days.
In parallel, the value of other popular tokens from the gaming industry is also growing aggressively: GALA, SAND, even AXS and SLP (the value of which began to fall even before it became "mainstream" in the crypto market) For most of these coins, we made ideas, if you are interested, then search in our profile.
Now the MANAUSD price has entered a strong liquidity zone of $0.70-0.80, which, in our opinion, will not be possible to break up the first time.
Therefore, it is worth taking into account the possibility of fixing profits at least on part of long positions, because a rather strong correction to the region of $0.42-0.48 may occur ahead.
If the possible price movement is sorted out, then the next question remains a mystery: "What could have revived interest in game tokens so much?"
Please write your answers in the comments below the idea
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Mana/Btc My RoadmapMana/Btc My Roadmap
Sell 0.000047
Buy 0.0000385
Sell 0.000045
in the short term after completing these three steps. I'll wait for the triangle to break
