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Decentraland

How To Analyze Any Chart From Scratch - Episode 7Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. Today we are going to go over a practical example on MANA, but you can apply the same logic / strategy on any instrument. Feel free to ask questions or request any instrument for the next episode. You can find the previous episodes below "Related Ideas" Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:MANAUSDEducation
by TheSignalyst
23
MANA 1D Goals for buying and selling in the idea descriptionToday, we will talk about the project Decentraland and the trading pair MANA/USDT If memory serves, Decentraland was created in 2017 at the hype of ICO projects, then he predicted great prospects, because the main feature — it is the purchase of game pieces of land. But then the maximum to which the price jumped MANA/USD was around $0.20, the idea of project did not come up, then ... Then there were painful 2 years of price falling and trading in the range of $0.04-0.08 and here we are in 2020. When the boom around Defi projects and NFT started, the interest around MANA gaming project, which was conceived before it became mainstream, came to life :) Two years and roughly speaking x200 to x220 increase in the price of MANA/USD And it seems that the current price is not the maximum for the trading pair MANA/USDT Globally, we would sold the investment position of MANA at $25-28 And now let's look at where the MANA may be good to buy for those who do not have it in their investment portfolio. On the chart, we've depicted three possible levels for a correction and, accordingly, levels from which it is safe to take a long. They are $2.80 $2.00 and $1.25 , everyone can place buckets to buy according to his/her purse and risk management. And in the comments , please write why you are interested in Decentraland project and why its token price should grow. _____________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
50
DECENTRALAND (MANA) the last chance(bottom)and the range market Hello 🐋 Based on the chart, the price is close to the major support (bottom) or better to say the previous zone that started its amazing pump to the upside and the round number $1 resistance ✔️ if the price doesn't break the support level to the downside, we will see more gain beside the range market is an acceptable scenario too 📖💡🚀 and if the price breaks the range area to the upside, we will see more gain 🚀 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
1
Decentraland (MANA) - June 20hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (MANAUSDT 1W chart) The decline below 1.2150 can be seen as a transition to a downtrend from a long-term perspective. Below 0.6787 is likely a mid- to long-term investment area, so careful trading is required. (1D chart) A move outside the 0.6787-1.2150 zone is expected to form a trend. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
MANAUSDT Bearish unless this level breaks*** *** For this particular analysis on DECENTRALAND we are using the MANAUSDT symbol on the Phemex exchange. *** *** The idea is on the 4H time-frame where Mana has been trading within a Channel Down since the May 14 High. That is still a Lower High within the general bearish trend and the Channel Down keeps it that way. There is a level, which if broken, we'll most likely get a long-term bullish reversal and that is the 1.13900 Resistance. This is because the current Channel Down, both on price and 4H RSI terms, resembles the pattern of February. As you see that Channel Down failed to break the Resistance level formed by the Lower High, and that discouraged buyers from accumulating, hence forcing the coin to a new round of selling. So unless that Resistance breaks, Decentraland will most likely make new Lower Lows and Lower Highs. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot
3
🔥MANA: $1 become strong resistance! What`s next?Hi friends! The value area around $1 has become resistance for MANA. What's next? 📊On the chart we see a return to the trend line after a small bounce. This shows the weakness of the altcoin. There is also no reaction on volumes, they have stayed the same. The chance of a fall is return. 🚩Targets: 🔶1. $0.86-0.99 liquidity gap. 🔶2. $0.73-0.72 is also the liquidity gap and not a strong target, but it is worth noting, because the nearest possible support for the price is behind it. 🚩Also, a false breakdown of the first liquidity gap is possible. The $0.86-0.99 liquidity gap placed exactly under the local low and key level of $0,9 so it`s highly possible. Growth in volumes will confirm the presence of buyers. 🔥Keep in mind this 2 scenarios. 💻Friends, press the "like"👍 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.
by Yuriy_Bishko
1
MANA/USD BROKE OUT THE UPPER TRENDLINE.Welcome traders. Here's a chart on MANA to keep an eye on. In 4 hours of TF, MANA has broken above the upper trendline and currently retesting. Entering into this coin at the retest level between $0.97 to $1.03 will be a good entry. A rejection below $0.96 will be a no-trade zone on this one and we will have to consider a re-entry strategy later. If we happen to take entry on this coin then the target will be $1.17, $1.25, $1.34, and $1.4. Trade safely.
BINANCE:MANAUSDLong
by Dexter_The_Trader
5
CARDANO Possible Trend (Daily TA) In this analysis we can see the possible trend of #Cardano , by maintaining the support of 40 cents we can expect growth to 70 cents as the first target and 77 cents as the second target. Note that according to the range that price is located , there is a possibility of price correction ! Follow us for more analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 05.31.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
3
Mana is full. Ready to cast magnifiscent spell🌈 At current market we have to be careful. If on breakout we see volume, it's better to close trade straight away. Use half the volume. Reasons to take long ⭐️ BTC in range ⭐️ Accumulation 10 days ⭐️ Level is 51d old ⭐️ Level is visible on multiple timeframes ⭐️ Buyer appeared at bottom ⭐️ Volume at bottom ⭐️ 4th touch ⭐️ 30 ATR Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster. If you don't understand the previous sentence, just use swing stop-loss 3-5% Fix profit by parts: 1% - 1/3 2% - 1/3, stoploss to breakeven What's left, hold to the maximum What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Long
by Artem_Dishel
1
Mana bearish triangle going to 0.63Mana has printed an descending triangle with decreasing volume, according to my strategy this is a book short. As you can see in the chart mana failed to break through 1.35$ level witch is a strong resistance and then the price kept decreasing till the 1.02$ drawing the mentioned pattern. I will use volume as confirmation for this pattern because in my opinion decreasing volume precedes a big move. It is not wise full to see the pattern an then rush in crazy mode. I think that it would be nice to wait to see a 4h close below the 1.02$ level before entering. And of course you always have to take in to account the Bitcoin situation, if Bitcoin pumps it is going to ruin this setup. Now we have two choices to enter : -Enter now at 1.026$: with stop loss at 1.063$. -Enter at the 4h close blow 1.02$ with stop loss at 1.06$. -Enter in the retest of the breakdown if there is one with the same stop. The targets are previous low 0.636$ and past low 0.368$. I will personally enter now at 1.02$ with stop loss at 1.063$ with a 5%(0.968$) profit i will move the stop loss to entry. Regards and happy trading.
Short
by piccard54