Mana
It can be supported againMANA has registered more than 17% price growth in the last 24 hours. Resistance in the range of $0.56 to $0.65 was considered for MANA, which was broken by strong candles. If the high price of this area stabilizes, it can be supported again. In this case, the next targets of the buyers will be in the range of 1 to 1.10 dollars. Another point is that the break of the ceiling of the main descending channel was without a pullback, which is a sign of the strong strength of the buyers and the reversal of the trend in the daily timeframe. So if we have a correction, the second support is considered in the $0.50 range.
✳️ Decentraland Hit Bottom vs Bitcoin | Looks Great Long-TermThis chart looks so good that I had to stop to share a trade signal before writing this article...
So, what do we have here?
Decentraland (MANABTC) has gone through a massive correction/bear cycle.
MANABTC dropped by 83% from its All-Time High.
Now, altcoins vs tether (ALTSUSDT) pairs tend to correct by 93, 95 and up to 98% from major bullish cycles while the altcoins vs bitcoin (ALTSBTC) pairs are a bit different, they can correct 70, 75, 80 and up to 85%.
Some altcoins vs bitcoin pairs won't be go to 50% in its bear market correction while others move inverse to bitcoin and go bullish while the rest of the market drops.
Just a small detail to keep in mind.
Going back to Decentraland vs bitcoin, the RSI hit its lowest ever and is now starting to reverse.
As a bullish pattern we have a perfect falling wedge and a broken downtrend.
Early signals of the upcoming bottom came in November 2022 with a high volume week.. Afterward the volume continues to drop as the new low is hit.
With sellers exhausted this pair can change trend and start to grow.
Easy/first we will see a 75%+ price jump and hit 0.00003700 btc on the way up.
This will be followed by 230% at around 6880 satoshis or 0.00006880 btc...
We can even try an calculate the next high based on the Fibonacci extension numbers... This is what I see:
534% Possible (chart below)
That's it for Decentraland vs bitcoin... Very low risk, high potential rewards.
Remember to plan if you decide to buy/trade.
What would you do if prices crash?
Hold? For how long will you hold?
Sell at a loss? When would you sell, at which price?
What would you do if things go as planned and MANABTC breaks up?
Will you hold, yes? For how long?
Will you sell? When and how much?
Answering these questions will lead to maximum gains, reduced stress, controlled risk and long-tern success.
Quite simple isn't it?
Come and play this game.
Namaste.
MANA Long SetupHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the MANA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
MANA Long Setuphi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the MANA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Bunch of Altcoins that show ACCUMULATIONThis is copy past & can't put all charts here
Please see our TV profile
1
VOLUME is IMPORTANT
Some #crypto showing ACCUMULATION
DO ur DD!
$GNO & $LTC up decently
$FARM
$SOL always issues but COULD be buy on pullbacks
These ALL are 50%+ fully diluted mkt cap valuation
-
2
VOLUME = IMPORTANT
#Crypto showing ACCUMULATION
$FLOW sexy
$MATIC NOT as heavy, missed big chunk but still there
$XTZ
$MANA
$SAND also but huge unlock coming
-
3
VOLUME = IMPORTANT
#Crypto showing ACCUMULATION
$ADA but some selling already, cautious
$ENJ not super heavy but breaking downtrend
$JOE
$LOOKS could be beginning
-
4
VOLUME = IMPORTANT
#Crypto showing ACCUMULATION
$KEEP Hit limits & want back in
$XLM & $REN has some
$WAXP VERY good but keep eye on sell volume
-
5
VOLUME = IMPORTANT
#Crypto showing ACCUMULATION
$IOTX
$ZIL
$ANKR
$SHIB
To unleash the rising power...Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day.
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(MANABTC 1W chart)
In order to release the power of a full-fledged rise, it is necessary to check whether it can rise above 0.0000 3732.
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(MANAUSDT 1W chart)
In order to continue the mid- to long-term upward trend, the key is whether it can rise to the 0.7051-1.0952 range.
(1D chart)
If possible, the question is whether support above 0.6537 can lead to an upward move above 0.7051.
If not, it falls
1st: around 0.58
2nd order: around 0.4970
You need to check if it is supported in the 1st and 2nd sections.
If it falls below the 2nd section, there is a possibility that it will turn into a downtrend.
when it rises,
1st: around 0.8387
2nd order: around 1.0952
It is necessary to check whether the 1st and 2nd sections are touched.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If this chart is shared, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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MY MINIMALIST CHART ANALYSIS FOR MANA$MANA
On a Weekly Chart
LONG POSITION -MOMENTUM STRATEGY - SWING
09.01..22
0936H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast.
ALERT:
Entries for a BULL SWING when $BTC starts up and running.
Based on VITAL SIGNS ( RSI, STOCH, VOL., MA VOL.) RSI still needs to go down at 20-30. It has been accumulating for the past 4 months and is in a zone where it is very attractive for BUYERS.
Bitcoin is also holding strong support at the 20k zone and is shy away from being oversold at the point of the previous capitulation.
1. Mana is close to being in the zone of capitulation and is a sign of strong support.
2. Because of FUD, it can push further down to our third entry at its lowest.
Hoping that this BENTO BOX CHART ANALYSIS will efficiently help you with your DYOR as we Enter a NEW SWING CYCLE for LONG positions, either short, mid, or long term.
INSTRUCTIONS:
HOW TO USE THIS MINIMALIST CHART a.k.a (Bento Box)
"Follow the white rabbit!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE to where the MARKET will take you.
If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal.
TARGET ZONE IDENTIFICATION:
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
NOTE:
1. That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time.
2. Created on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
3. My BENTO BOXES are designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
4. At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY).
5. DYOR for your Fundamentals, Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, AB=CD Pattern especially institutional and retailer trading psychology.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to share my knowledge.
Vive Le Autist!
Hurdles, with strong support ahead for MANAMANA is on a tear. It broke out of a descending wedge (green circle) and has a target of $1.25 which also corresponds with the fib .618. The $1.25 price target is further supported by an Inverse H&S that began forming in early August. However, MANA hasn't broken out of the descending channel (red circle) but is gearing up to push past at $0.74ish. Minor resistance at $0.80 and psychological at $1.00. Don't be surprised if MANA dips to the $0.59 area before pushing higher. These are just my ideas and not financial advice. Good luck.
The price has hit a key resistance in the $0.577-$0.650 rangeMANA has recorded a growth of over 30% in the last 24 hours. The price has hit a key resistance in the $0.577-$0.650 range, and this strong upside move has pushed the price out of the main bearish channel. There is a possibility of a negative reaction and the formation of a range zone for MANA. The trend change has been observed for some time in the daily timeframe, and pullbacks to support points can bring a positive reaction. The first and closest valid support is considered to be in the range of $0.485-0.458, which, hitting this level if there is a positive reaction, can bring the price back to the previous ceiling in the range of $0.650.
MANAUSD Invalidated two bearish patterns. Aiming at the 1D MA200Decentraland (MANAUSD) broke today above two bearish patterns, as shown on this 1D chart, a Channel Down (blue) and a Falling Wedge. At the same time it is trading the higher it has been above the 1D MA50 (blue trend-line) since November 2021 and the peak of the previous Bull Cycle.
All this while the 1D MACD is above the 0.000 neutral point with the green and red histograms rising since August. This is a major bullish break-out for MANA, which is now targeting the 1D MA200 (orange trend-line), which has been untouched since April 05 2022.
The short-term target and Resistance is the 0.382 Fibonacci level but at this point, MANA looks poised to make contact with the 1D MA200 (orange trend-line) for the first time since April 05. A closing above the 1D MA200 would take us officially into the new Bull Cycle. On the short-term the upper Fibs can be used as gap filling targets.
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MANA: Resistance Breakout!Decentraland (MANA) technical analysis:
Trade setup : Price bounced off of $0.30 support and broke back above $0.35 resistance, with robust volumes (healthy demand from buyers). Momentum is bullish (MACD, RSI). (set a price alert). MANA and other metaverse projects (ENJ) have failed to sustain growth in their usage after initial burst of activity nearly two years ago.
Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.30. The nearest Resistance Zone is $0.35, which it broke, then $0.62.
✴️ Decentraland Hits Bottom, Bullish Cycle To Follow!We have the same situation here as we saw on the MANABTC pair (check 'Related Ideas' below)... The RSI at its lowest level ever, trading volume decreasing to almost zero as new lows continue to be hit...
The bear cycle here produced a 95.19% wave, that is minus/negative (-95.19%).
If this isn't the bottom we can very easily say that we are very close to it...
This is the greatest thing about trading... On the way down you can only lose 100%, maximum.. On the way up you can go to 300, 500, 800% or more.
Look at Dogecoin back in 2021, over 5,000% and the downside is always limited, the upside has no limit... Welcome to my world.
You can clearly define your risk but there is no limit as to how much you wan win.
Ok, this is a long-term chart, we are using the weekly timeframe.
Time to grow! Very simple!
You can pick your target... My job is to alert you when the trend is about to change so that you can buy early... Once things start moving up you are a winner, regardless if you take out 70% (easy), 200%, 370% or 10,000%... Whatever you do and how you do it is completely up to you.
My job is to shake you and tell you... "Wake Up, Things Are About To Get Good!"
A massive bullish wave is upon us... It cannot be stopped, the market wants it, the market supports it... The bullish wave is the market.
Just as we lose money when the bear market is in full swing, regardless of how hard we try we still see loss after loss...
When the cryptocurrency market goes bullish, it will send money to your pockets even against your own will but if you plan now you can maximize your results.
Namaste.
Mana is very technical & BullishHello everyone,
As per the simple technique of smart money concept practices, there is a premium and discount zone on every asset while ranging
right now mana rebound and printed a inverse head and shoulder along with good market structure to upside, my overall target is 0.5 of this Gan box which can hit and reject hard ! so becareful in your positions and take profit dont be greedy
trading is always risky and 90% of the traders lost so only do paper trades and practice makes the men perfect.
regards,
Hedgers.
A reversal pattern is formingDuring the last weeks, MANA stopped its downward trend at the support area of $0.30, and it is forming a reversal pattern. Confirmation of this pattern requires buyers to push the price back above the $0.35 range. In this situation, the RSI indicator has also formed a positive divergence, so if the RSI returns above the number 44 in the daily time frame, we can expect the formed floor to be a significant support for the trend change.
The short-term targets we can consider are $0.35 and $0.42. The second resistance is at the ceiling of the descending channel and can have a strong negative reaction. Therefore, the saving range of profit for buyers will be short-term. For the short term, three bullish candles with larger bodies than shadows can be a sign of buyers gaining strength, which we expect to see a further increase in price this week.
what will happen to MANAUSDT after 100% fallinghello
as you can see MANAUSDT is in the support key level and after nearly 5 months of falling it may be time to increase a little after touching the lowest level of the channel
all you need to know is in the chart
good lock
The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions
SHORT SETUAP FOR MANA Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the MANA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You