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Decentralandusdt

MANA (Decentraland): Approaching SupportTrade setup : Price is in a Downtrend. It had a failed breakout from Falling Wedge pattern but price did make a Higher High (above prior swing high), which is also a positive sign (see chart). Now we'll wait for price to pull back and watch if it makes a Higher Low (above prior downswing low of $0.27). Series of Higher Highs and Higher Lows are indicative of an Uptrend. Pattern : Price is Approaching Support , which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Learn to trade key levels in Lesson 7. Trend : Short-term trend is Strong Down, Medium-term trend is Down and Long-term trend is Strong Down. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $0.27. Nearest Resistance Zone is $0.32, then $0.40.
Long
by altFINS
Decentraland MANA price can be one of 1st to start a rising waveToday we will talk about the prospects for the price of the Decentraland token - MANA But first, please like our previous idea MANAUSDT, which has perfectly worked out the sales area and recently the purchase area for 4 months. It looks like the MANAUSD price has completed its correctional wave (2) and is now trying to start a growth wave (3). Wave (3) is considered to be the longest, and given that there are many liquidity zones above, the path of growth will not be easy. However, we have schematically depicted on the chart how the growth and correction waves can look like. The intermediate targets for MANA's price growth are $0.90 and $1.85. The final selling zone for MANAUSDT, which is now visible in the probable wave (3), may be in the area of $2.25-2.50. What do you think, will such a positive scenario work out given the current pessimistic sentiment in the cryptocurrency market?) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
33
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
Bearish short term but Bullish long termWe saw from my last analysis when I said we may revisit the $3.2 range. However, during the dumping time with BTC downside, and all senate talk about future of crypto, there are many things people have let it slide away. Decentraland just is the Patron of Blender Development Fund, the Blender is the major 3D model creator that is free for use by anyone under GNU. Meaning you can legally use the software to create any figures or anything and sell it without string attached to the Blender. If you saw the NFT hype, then you would need to understand the underlying violation of copyright and the right of usage of certain software to bale to make monetize out of it. It is basically a strong legal battle that surely uncle Sam/ big Coop will win if you accidentally use the crack software or non-commercial software to create the NFT for monetization. Blender is the one under GNU licencing which is free for most of the meaning of usage. So Decentraland is the supporter of Blender which facilitate the growth of NFT items in the metaverse. Decentraland just pumps out the Golf course in the Vegas City within Decentraland. Here not only you can gamble but practice your golf skill with your VR set. Decentraland can take any NFT to be put into their world. One of the main reasons for the Nov 30 run of MANA is because SAND items were ported into the Decentraland world and used for the festival event. And here we are at the spot where MANA is going lower than $4 after an attempt to go higher. I would consider this is a long position where the MANA might try to break the trend downward, but as it gets lower, it is a better price to accumulate for the next bull run! This is not financial advice, but my perspective of the current trend of Decentraland!
Long
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
MANA - Double Bottom W PatternI waited a bit with posting MANA also considering the developments of last weekend. But situation is as follows. Until the end of November, the Bulls has pushed the price considerably higher which we can see in the uptrend channel. As is known, the bears have recently indulged themselves. the bears came on the scene and stepped out of the trend channel and actually a Falling wedge was created which has brought a downward result in recent days. There, the bulls managed to absorb around $2.5 dollars and bring the price back above $3.25 in a short time. Support appears to be holding at USD 3.25 for now. So from that perspective it can go two ways. - if the bulls keep this zone, it is quite possible that a double bottom or W formation can be formed here. The ADAM formation there often has a peak as the wick shows and the EVE formation within the W pattern is often round. The story is that a larger volume decline at ADAM would suggest a good development in the upward price action. - but if we lose the $3.00 then a further decline towards the $2.5 is quickly there again. Keep calm, Do your own research! trade safe and manage your risk. (Disclaimer: This is not a Financial Advise) Dont forget to upvote or leave a comment ;-)
by Tims.Technische.Analyse.