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.
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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.
Decentraland
🆓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
MANA - Intraday Short (we hedge)Hi everyone, market is recovering but we always need to hedge with some short positions.
So, here you go with a MANA short we take today.
remember: we are BULLISH at the moment and Long on BTC, FTM,SOLANA, GMT so we need to hedge.
May this idea not go well for us but we ALWAYS need to be careful:
One Love,
the FXPROFESSOR
Utility and Resilience: MANA Bounces BackBear markets are often when long-term traders make their big moves - assets that seem to stabilize or even do well (MANA, MKR in the last few days) often show that a project has dedicated supporters and some legs to stand on during the "tough times". It's easy to make money during bull runs, but it's the projects that survive during bear markets that often lead to long-term growth.
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.
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PREPARING FOR A MANA LONG Looking at the MANA/USDT pair today, Lets get it!
Chart above us shows that we have a first wave extension impulse in play. As shown by the first fibonacci tool, we found support at the .382 region marking the end of wave 2 and made new ath's at the 1.5 fib region(just under the 1.618) for a wave 3 top before clearly getting rejected as shown by the 2nd fibonacci retracement tool.
Currently still in the correction phase of wave 4, MANA seems to be baiting everyone into buying and longing here, however the chart below shows us with the angles presented that this isnt the bottom and that we will most likely still go to the bottom of the ascending channel before getting a reversal for our wave 5 impulse
Once we confirm our Wave 4 bottom, target for our wave 5 will be the touch of the channel resistance once more and should be inline with either the 1.9 or 2.0 fib resistance, leaving us with a price target in the range of $15-20 depending on how early we can achieve that.
If you agree with this idea, leave a like and share your thoughts in the comments
Feedback is always appreciated.
MANA MACRO ANALYSIS - (DECENTRALAND)Happy New Month Everyone.
We will be looking at MANA/USDT today.
In our past analysis we managed to predict the drop on mana and identified areas to get into a long position, however price missed by a few digits (need to learn to market buy more often). Today we will have another go at longing mana.
As you know the last analysis was based off the First Wave Extension Theory which still remains the same. You can read up on the previous analysis for more details:
Current Analysis:
Not much to explain really. Judging by the chart above, we can expect price to make new ath's this year around early July to September depending on how Bitcoin & Ethereum behave in weeks to come.
Longest duration for price to peak was the 1st wave which having the highest %growth makes sense, followed by a correction of -77%.
Wave 3&4 have had similar timeframes to conclude their tops and bottoms, as well as -70%+ corrections, so we can expect the same for wave 5.
PS: I was expecting a drop to the 1.6 region in January with 1.3 being the worst case scenario, try and keep that in mind and remain on guard. Other than that, I'm happy to average in at these prices.
If you agree pls leave a like and share your views as well in the comments.
Feedback is always appreciated.
How Developing Countries Predicted the Rise of the MetaverseThe market is down right now but these are also good times to take a look at what might be the "next big thing".
Had you got into the metaverse a year ago, you will most likely be up right now. Otherwise, you're probably in the red. (Yes, even Bitcoin and Ethereum.) The metaverse is this year's clear winner in terms of performance, and it's not too surprising that a lot of big name brands have decided to try to get in on it, too.
A lot of people claim that Zuckerberg's "Meta" was what sparked the metaverse craze, but if you look at AXS's chart it's pretty clear that the coin was climbing way before the media gave the idea any attention. A lot of innovations and early-adoption activities happen in lesser-known (often non-English speaking and developing) countries before making its way into the "mainstream", so to speak. Predicting long-term trends is not magic - you just need to know where to look.
BITCOIN 30min TA : 05.02.22As you can see the main support is 37400$ and the main resistance is 39400$ , we have to waiot for breaking of the resistance or the support , mean while we opened a buy position in 37700$ and so far it gaves us 4% profit ... let's see what would be happened ... if the resistance break , the next bullish target is 39990$ .
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
📅 05.02.2022
⚠️(DYOR)
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Decentraland (MANA) and the Metaverse Rental MarketThe metaverse (Decentraland especially) has a lot of hype behind it but the utility aspects of it is still underbuilt in its current form. Will it eventually get there? A look at a few things being worked on in the background during this bear market.
MANA Best Time For BuyMana is currently on the important trend line support and static support and is suitable for a shopping step. If this range is maintained, the price will increase, otherwise losing this range is the second step to buy the point specified in the chart.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark