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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.
Long
by RektMyMom
1
MANA fight BTC to keep the marginIt is what it is. The MANA has been fighting hard against the BTC effect and still keeps above $2.8 showing the MANA is recovering fast. However, the BTC recovering at in much faster pace compared to MANA. This means the movement average of MANA is much weaker than BTC in general. It is this time of every cycle where Altcoins are starting to bleed to BTC. All I can see is accumulate for the next bull run after BTC consolidate! This is not financial advice!
MShort
by Haizsama
The chart said Bullish for MANAHi guys! I hope you guys took advantage to buy some more when it was dipping in the past 6 days. With the previous history data for the MANA chart, All bearish downtrends with a breakout would most likely guarantee a strong bullish movement to break the previous ATH. If the previous ATH is at $4.9, the MANA price would drop as low as $2.2 which is 55.1% of the original ATH and a strong Bullish movement started to take shape as we have seen in 4 consecutive movements (1,2,3,4). The Current ATH is $5.89 which would lead to a drop to $2.5 which is a 57.6% drop from the original ATH. This is way lower than the percentage of the previous drop which was supposed to be $2.8 (the RSI shown unprecedented bottom in red circle). I think this is caused by the BTC effect, which would facilitate the dip back to the original affordable range for more accumulation within 1 bearish movement instead of 2 movements. The question here is that would the market psychology agree with this flash crash or would it require a longer sideways before it can break the trend? Most likely I think it has already broken the trend, however, we still need to see the leg of this parabolic curve (labeled yellow). If the leg is much lower than the $3.3 then most likely the trend would try to retest the $2.8 range which is correct with the trend without the BTC effect. However, if the leg is much higher than $3.3, then we are most likely seeing a very strong breakout for the next Bullish run! Remember to be fearless when people scare and be scared when people are greedy! This is not financial advice but my perception of the current market movement!
Long
by Haizsama
Decentraland (MANA) Update: $12.45 Target🎯 Potential 146% Gain Decentraland (MANA) Update 29/11/21: $12.45 Target🎯 Potential 146% Gain from the current price. Since the 13 EMA crossed up above the 50SMA on the 26th October, Decentraland (MANA) has been in parabolic impulsive wave from $0.75 to $5.71. This was a 600% move in just under 30 days from the 26th October to 26th November where MANA set a New ATH @ $5.71. From the current price we expect MANA to push above the ATH once more before a much needed cool off period where we can see a weak retracement before the next leg up. Use the Buy Zone to map your Buys whether you're accumulating or want to enter. I believe the range between the 50% and 61.80% is the optimal level to sniper in at the current levels. It is important to note, although we are expecting a cool off period in MANA, we can expect continued growth for MANA in the longterm. Our current targets for Decentraland (MANA) from the current price level @ $4.99 127.20% fibs @ $7.15 (42% Gain) 161.80% fibs @ $8.98 (77% Gain) 261.80% fibs @ $14.28 (182% Gain) 423.60% fibs @ $22.85 (352% Gain) Use Buy Zone to map out your entry. Please see previous analysis below. Happy Trading :)
MLong
by CryptocurrencyMagnet
3
MANA surpass ATH this weekend or not?In the past 24 hours, we saw a strong run for MANA with a huge accumulation from big investors/whale/traders. It is fascinating that MANA has been tested several times after it surpass $4.9 from its last time run (Oct 30th, 2021). The invisible hand tried to smash it down as I saw and I did think MANA would lose and bearish short time, however, it did not happen like that. MANA has tested at the $2.2 range then surpass that resistance to pass the next $3.3 resistance range to finally revisit its ATH resistance. The question is would MANA can keep up the momentum this weekend? Remember the last run when MANA started its run was on Friday, Oct 29th, 2021? MANA at that point was struggling around $1.3 to see the Saturday, Oct 30th, 2021 MANA run straight to $4.9. Would history happen again? The current market cap of MANA is $7 Billion, the next upper of MANA is Internet Computer and Axie Infinity. In my opinion, MANA is much bigger than Axie Infinity in terms of the world, community, decentralization, and Dev team. We have to ask ourselves for real, what has happened with the crypto world since the beginning of the BTC run? If BTC is the gold in the crypto world, ETH is the foundation platform then MANA is the actual interactive space for the community. It is not a matter of game or trading or not, but it has the true value that puts the ETH/GAS/LAND/MANA into 1 ecosystem that even Facebook is aiming at. Let's look at the leaderboard now besides BTC, we got LTC, XRP, DOGE, SHIB, BNB, BUSD, and BCH are competing with BTC to act as the GOLD/SILVER standard in the crypto world. Besides ETH, we got SOL and ADA are mainly the platforms fighting each other. For Defi, we got LINK, WBTC, LUNA, and AVAX. In the Metaverse, we only got MANA, AXS, and SAND are very strong competing with each other. So among the crypto world, we have seen major a lot of coins are fighting around the Coin/currency realm, then a bit of platform, then Defi, and some metaverse. But in reality, the one actually brings the chance to have a real capital market besides trading should be the Metaverse with the actual interaction of the community happened. More capital can make out of this Metaverse as it is the place for the content creators to thrive, the place for people to come and interact, the place for the need satisfied by the supply. Short, Metaverse should be the top 3 biggest market cap in near future. In my opinion, this weekend would be important as we will see if MANA can surpass its ATH or not. This will reflect how confident the MANA holders are with the token. In the long term, I have high confidence this Metaverse is going to be top 2-3 of the crypto world; The MANA should be up there in the top 10 as when institutions started to invest in Decentraland, the MANA market cap should be above $40 Bil. There will be 3 events in Decentraland this weekend and enjoy it ok? The Hourglass Presents – Saint Samuel – Live Music When: Friday, November 19 at 12:30AM Where: -70, 79 Defector Dan, Collie Pixels, AstroMojis, and Petaverse When: Saturday, November 20 at 1AM UTC Where: 31, 90 MIL-SPEC NFTs Pre Launch Bar Crawl POAP When: Sunday, November 21 at 3AM UTC Where: 0,0 This is not financial advice, you should take responsibility for your investment! Don't trust anyone's words and do your own research before investing!
Long
by Haizsama
2
Is this a dead cat bounce on $MANA?Okay, lots of mana FOMO so i'm here with not so good news. However, this to me looks like a blow off top. what happens with a blow off top is that it retraces and tests the golden pocket after an irrational bullish leveraged euphoria rally this confirms a dead cat bounce, or what it's called in the market cycle "we're just cooling off" What invalidates this? If we break the golden pocket. (3.53) and closed the day above it. then the rally may perhaps continue. Cheers! @bitmoey
by bitmoey
MANA is ready to set new all time highHey friends, hope you are well and welcome to the new update on Decentraland token. In my previous article, we have seen that the MANA was moving in a down channel and I predicted that this time it will break out the channel. Now if we take a look at the live daily chat, then finally MANA has broken out the channel and also broke out 25, 50, and, 100 simple moving averages. Now it is stuck at 200 SMA. If the price action of Decentraland will not be able to break out the 200 simple moving average then it may re-test the resistance of the channel as support. Long-term SMAs: On the long-term weekly chart, the price action of Decentraland is trying to break out the 25, 50, and 100 simple moving averages. Long-term Ichimoku cloud is bullish now: On the long-term weekly chart, the price action of the MANA token was moving under the strong bearish Ichimoku cloud. Now the cloud has finally turned bullish, therefore, it is a strong possibility that the price action would breakout this cloud with a powerful bullish divergence. Big Shark move: While the Ichimoku cloud has turned bullish the price action of the MANA token is also moving in a potential reversal zone of a very big bullish Shark pattern on a 2-month chart. When the priceline will start moving up from this potential reversal zone then the price action of MANA my cross the all-time high price level as well.
Long
by moon333
3
MANABTC completed a big bullish SetupHey friends, hope you are well, and welcome to the new update on Decentraland (MANA) token. Down channel and EMAs: On the daily time period char, the priceline of MANA is moving in a down channel. To break out the resistance we need the EMA 10 to cross up the exponential moving average 21. Ichimoku cloud: On the long-term weekly chart, the price action of MANA had a very strong resistance of Ichimoku bearish cloud, now the cloud has turned bullish. Therefore now it can breakout the cloud easily. This move can be like Ethereum when the price action of ETH found weak resistance of Ichimoku cloud on the weekly chart, then it broke out this cloud with powerful bullish divergence. Gartley move: On the daily chart, the priceline of MANA has formed a Gartley pattern and entered the potential reversal zone. The 25 simple moving average is moving down to cross down the candlesticks and it can lift the price action soon. Then 50, 100 and 200 SMAs can also cross down the priceline of MANA. Shark move: In the long term the price action of MANA has also formed another harmonic Shark move and moving in the potential reversal zone. Soon it can start a very powerful bullish divergence from this level. Conclusion: From small to long-term the priceline of MANA is turning bullish. Once the channel on the weekly chart will be broken out then the priceline may start a powerful bull run soon. For exact buy and sell targets for this trade, and other harmonic trading signals you can join: www.patreon.com
Long
by moon333
MANABTC - A nice impulse move on weeklyNice impulse move on weekly, but needs to be careful here, usually alts can grow fast at first, but then they can experienced a long pullback. So, I'd be careful with longs here. It's better wait for a confirmation and close / open new weekly candle above monthly-long resistance (900 satoshi). If we hold above this resistance I'm long with the target at 1700 sat. Hit the "LIKE" button and follow to support, thank you! Information is just for educational purposes, never financial advice. Always do your own research.
by Bitduke
will this symetrical triangle follow the previous one??as you can see in my previous post a week ago about mana i drew a symetrical triangle which broke out the upside pretty precisely. as you can see mana is making almost the EXACT symetrical triangle as the one before. i believe this will breakout the exact way like the one before and will probbly make another big pump with the 20/2/20 live event in 7 days. (keep in mind we could need bitcoin to act decent to play this one out) also make sure you take profits on time because you know what happens with the price mostly when the event started/passed. good luck trading this one. if my previous post helped you give a thumbs up. and tell me what you think about this one. cheers
Long
by Brammerr
MANABTC formed shark on long term 2 month chart | 978% expectedOn two month chart priceline of Decentraland (MANA) / Bitcoin cryptocurrency has formed a bullish shark pattern and entered in potential reversal zone to hit the sell targets soon insha Allah. Volume profile of complete pattern is showing less interest of traders at this area. MACD upto two week chart turned weak bearish from strong bearish. I have used Fibonacci seqence to set the targets: Buy between: 0.00000578 to 0.00000001 (But it is not possible for price action to move more down it can move sideways here or move up coz all indicators from smaller time petiod charts are turning bullish) Sell between: 0.00001647 to 0.00003387 Regards, Atif Akbar (moon333)
Long
by moon333
1
MANABTC formed bullish butterfly | A good long opportunityPriceline of Decentraland (MANA) / Bitcoin has formed a bullish butterfly pattern. Even though the price action has already hit the sell zone but all indicators are still bullish therefore I am expecting that the priceline will take a proper bullish divergence and enter the sell zone completely. RSI is oversold and moving up MACD is strong bullish Volume profile of complete pattern is showing less interest of traders at this area The PRZ are can be used as stop loss in case of complete candle stick closes below the this area. I have used Fibonacci sequence to set the targets. Buy between: 0.00000303 to 0.00000227 Sell between: Sell between: 0.00000362 to 0.00000504 Regards, Atif Akbar (moon333)
Long
by moon333