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Decentraland

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
MANA/USDT Short-term bullish sign!Hey Colleagues, Today we came across MANA/USDT. We see a great short-term opportunity for this coin to have a major pullback back to the $1.45. There are two scenarios for this coin but both would have same outcome: 1) We move to $0.83 from where we would bounce back up. 2) We will move to $1.34 where we would try to break the resistance and make from it our new support. If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Long
by SwallowPremium
2
🆓Decentraland (MANA) May-19 #MANA $MANA The $1 zone is a very important support for MANA at the moment, MANA can still turn up strongly from this zone. However, we should be careful because if it loses this support it will face a sharp drop towards $0.7 or even $0.5 before recovering. However, the current price zone is still very good for long-term accumulation. Pay attention to capital management and risk management to avoid unnecessary losses in the near future 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 1$ zone 🔴Buy : 1 🔴Sell : 1.2 - 1.4 - 1.7 - 2 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 1$ zone 🔵Sell : 1 🔵Buy : 0.7 - 0.5 ❓Details 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
Long
by CryptoStation
MANAUSD hit and bounced on the 1W MA150Decentraland (MANAUSD) is almost on a +70% rise since yesterday's Low, with the rebound coming on the 1W MA150 (red trend-line), which got hit for the first time in history. The fractal though resembles that of the mid April High both in terms of price action and 1D RSI. That sequence rebounded on the 1D MA200 (orange trend-line) instead of the 1W MA150 but as it failed to break the 1D MA50 (blue trend-line), it eventually dropped to a Lower Low below the 1D MA200. The Fibonacci level below the 1W MA150 is the 0.236 at $0.5300. As a result we believe that until the 1D MA50 breaks, which was the bullish break-out point in 2021, MANAUSD remains bearish. Notice how well those Fibonacci levels (extensions and retracements) have been accuratelly providing Resistance and Support levels these past 12 months. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
5