MANA Decentraland Price PredictionIf you haven`t sold the huge Head and Shoulders Bearish chart pattern:
Then you should know that Grayscale expressed concerns over the potential impact on the Ethereum Merge, especially on tokens that run natively on Ethereum:
The Merge may lead to a fork that might have unexpected and unfavorable outcomes and a scenario where stablecoins and tokens locked in smart contracts might not be redeemable.
Token and stablecoin holders might panic and start liquidating their holdings.
In this context, price target for MANA Decentraland is $0.62.
Looking forward to read your opinion about it.
Decentraland
MANAUSDT Descending Channel PatternMANAUSDT (4h Chart) Technical analysis
MANAUSDT (4h Chart) Currently trading at $0.391
Buy level: Above $0.39
Stop loss: Below $0.365
TP1: $0.40
TP2: $0.425
TP3: $0.44
TP4: $0.465
Max Leverage 3x
Always keep Stop loss
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Bearflag - MANA-USDT (Decentraland) please read
Above, there is a bearflag that has formed over the last few months📆⏳
we are currently testing the bottom of this structure, if we break down↘, I have some targets listed above on chart📉🆗
Mana (currency of Decentraland ,)💧👨🦰👧👦🏬 is a token that is used to buy and sell virtual land in this metaverse much like Sandbox .
Decentraland current marketcap rank is #54 , with 734million dollar valuation and only about 8,000 DAU (daily active users) 👇👇
This is not a lot compared to other metaverse worlds like Sandbox 🛕🏝🏟 with almost 40,000 users a day and Alienworlds 🖖👽🛸 well into the millions of registered users...
This has concerned some holders and users as of recent, and we are looking for more traction around this metaverse to manifest.
As for now, the fear in the market being high and prices at record lows, we can expect to see further decrease in price before a recovery.
3HR view ☃⭐
Weekly view 👀👋
Related article⏩ futurism.com
🛑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 ☯
Thank you so much!
Decentraland | Multiple Timeframes (Bottomed Out - Easy 46-90%)After a 94% correction from its All-Time High, we can say that Decentraland (MANAUSDT) already hit its bear market bottom?
Chart | MANAUSDT Weekly
Most likely, for some people maybe not but here is what the chart says will happen next.
Looking at the daily timeframe, we can see that MANA's multi year low was hit 22-November.
The day before bear volume was strong and right after the 21st it started to decrease.
A bounce can easily happen to the counter trend-line and even higher to reach MA200 at 0.7816 but wait... There is more.
The bear market from ATH to the 22-Nov-2022 low took exactly 364 days.
This might be a short bear market for some but we know from past history that Altcoins tend to correct from 90 to 98%.
Here we have once more a nice setup, low risk and high potential for rewards.
The stop-loss can be set below the 22-Nov. low, while for the targets we aim, All The Way Up!
Namaste.
Buy and Hold mana x5 or x10 incomingMana price is clinging to the 9ma on the daily charts.
I always plot the 9 period moving average on charts, when price clings to it in parabolic moves it helps me stay with the trend, here mana is doing the same.
Hold this one, I posted about Facebook (meta) last week and we saw great day trading profits on that last week. METAVERSE stocks and crypto are your big plays alongside other crypto over the next year. Mana is severely undervalued here with a low market cap compared to shib and doge. Buy and or hold.
MANAUSDTHello Dear friends
We are currently above the midline of the long-term descending channel and a positive RSI divergence has been issued on the daily time frame.
In the lower time frames, the support ranges have been maintained, it seems that the possibility of forming an upward trend up to the blue range ($0.4854) is high.
But it should be kept in mind that if the corrective trend falls below the range of $0.4252, the possibility of a further decrease to the lower areas will be strengthened.
We would be happy to hear your comments
MANA V shaped recovery or more downside?!There has been lots of rumors about Decentraland regarding their number of active users. some sources claim it is less than 38 users per day.
although the whole crypto market is primed for more down fall , I think we can see a V shaped recovery for MANAUSDT since the price is down 92% from the ATH.
otherwise if we brake below the support we can expect more continuation to the down side.
📊 MANA reach my short targets. Now 3 long targets for youHi friends! Do you forget about Decentralend? The top gaming project of 2021 is on the bottom now and noone wants to buy it with 90-95% discount.
✅ My last idea for MANA reach the target of the local low ($0.629). Check it and get more useful tips for your trading strategies!
🚩 Now MANA is tesing the trendline for the 4th time. We know that the more test of the trendline the weaker it becomes. I think at the 5th test, the trendline will be broken up.
Also, the probability of the PUMP is growing after this fall to the local low and the key level of $0.629. It's time to find the best entry point to long after this trap and manipulation by the whales.
📊 3 reasons to open a long:
1. trap by the whales to force the short traders become the fule for growth+take out the sl of long traders. It's already happen
2. squeeze to the trendline
3. bullish BTC
✅ My targets for long on DYDX:
🔥 $0.69-0.71
🔥 $0.81-0.86
🔥 $0.96-1 - the value area and even number which is huge resistance for the price
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
MANAUSDTHello friends
On the four-hour time frame, we have a harmonic pattern combined with tight price movement. If the current trend is above the orange range ($0.6994), there is a high probability of forming an upward trend similar to the drawn scenario.
Don't forget the damage limit!
What do you think?
Chiliz 🌶 : Bullish or ... ? Let's See! If the price can consolidates above 18 cents, we can expect a Bullish scenario! Otherwise, the next appealing range for buying is 12 to 14 cents!
Follow me for more analysis & Feel free to ask any questions you have, I'm here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 10.14.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
⚡️ #MANA/BTC - Potential 125% - Long ⚡️⚡️ #MANA/BTC - Potential 125% - Long ⚡️
#TRADEIDEA
Entry Conditions:
- Bullish Divergence
- Wave Reversal
- Nearing Bottom Of Trendline Support
- Descending Wedge
- Oversold
All targets & analysis displayed on chart
*These trade ideas are not tracked or official trades
BITCOIN 4H TA : $ 20,000 ? Again ?As you can see the price may see 20050$ again ! after that we can look for a trigger for Sell Position ! So , Let's See !
Follow me for more analysis & Feel free to ask any questions you have, I'm here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 10.03.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
🔥FALLING WEDGE on MANA! Don`t MISS this entry point!🔥 Hi friends! MANA is already fall from the local highs to the local bottom. The whales just need to collect the liquidity below the key level of $0.625.
If the price make a break up of the wedge it will not be the best scenario because in this case will be the collection of liquidity above the wedge which good for the short traders.
We need to have the break down of the falling wedge and return the price inside the wedge. The liquidity will be colected to long in this case.
📊 Preconditions to open a long:
🚩 false breakout with liquidity collection below the key level $0.625
🚩 volume growth that show the whales pressence and huge trading activity close to this levels
🚩 if BTC going to the 25k, the most of alts make +40-60% to its price
🚩 the whales BUY orders on the DOM and Footprint don`t allow the price fall lower
🔥 The most important tools for scalping are the DOM and Footprint. These tools allow me to see the biggest orders to but or to sell and trade the test of the WHALES orders wall.
📊 The targets:
✅ $0.76-0.87
✅ $0.97-1.03
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Games of Capital Rotation, example with $ATOM and $AXS$AXS was a coin that hit peak hype and coincidentally has some of the worst tokenomics. $ATOM on the other hand _might_ be forming to be a winner in the next cycle. Simple pair trade, shorting the past hype, longing the future hype and avoiding the crab bites. Similar to SAMA Long below ( + $SOL , $MANA)
MANAUSDTHello my dear friends
According to the formed pattern and positive divergence of RSA, it seems that the white range ($0.7307) is valid and the main upward movement will start from this range.
Keep in mind that if the corrective trend is below the price range of $0.6265, we will no longer have the mindset to form an upward trend.
We would be happy to hear your comments
MANA breakoutPlease 1st of all smash the boost🚀 button and follow me to support my work if you like it! It's absolutely for free.
Decentraland broke up this triangle📐 and I think there is chance for run to 0.8455 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback. The white uptrendline could be a good guide.
ENTRY : local high @ 0.7969
STOPLOSS (SL) : local low @ 0.7817
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 0.8455
REWARD RISK RATIO (RRR) : 3.2
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
📊 MANA: wait fot this trendline breakout! Hi friends! MANA is going to break the trendline. But i recommend you to wait for some pullback to the key level of $0.754. Someone who enter the trade on this local pullback will be traped and you will enter the trade with less risk and nice risk reward.
Recently, MANA made a false breakout of the key level of $0.754 and price rised by +8%. If you miss this opportunity, use this preconditions to open the next long:
🔥 return to the key level $0.754 and squeeze to the trendline
🔥 volume growth
🔥 bullish BTC
🚩 DOM and Footprint indicators show me the whales buy orders close the key level or before the trendline breakout and it will be the MAIN precondition to enter the long for me!
📊 The targets:
1. $0.81-0.87 - the value area and closest resistance
2. $1.13 - the key level and mid-term target
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.