Mana
ETHUSD | This is not the end of the downward movementHello everyone, I wrote a new idea for you. I think it's easy to like and subscribe to the channel, thanks😉
📌ETH the buyer failed to keep the $1760 level and the bears were able to push to the $1600 zone
📌Now the $1760 level is a resistance zone
📌I expect a continuation of the downward movement to the $1480 zone, after which this zone can be considered as a $1480-1760 buy zone
📌I put a short stop-loss to the local resistance zone ($1760) on the deal
MANA's search for meaningThe MANA 74 Cent level is the strongest support. It is a coin that has spent a lot of time here in the past, then flew away with the metaverse current and came to the same levels again. Level 94 is unfortunately broken. Currently, the 84-74 range seems to be an ideal accumulation area. From this range, preferably close to 74 areas, the risk-reward ratio will be the highest level. The 1.12-1.37-1.68 levels are the biggest resistances in front of them, but after these resistances are broken, the 1.12 resistance is likely to make a quick premium.
TON COIN📊 | Promising long-term coin🚀Hello everyone, I wrote a new idea for you. I think it's easy to like and subscribe to the channel, thanks😉
📌 In the long term, I think it's a great investment!
📌 Not much information on this token.
📌Today TON is a decentralized community of developers, designers, marketers and business developers. Active members of the TON community, “based on their own capabilities and resources”, work on the project at their own discretion, developing the technological component and promoting the blockchain.
📌The Open Network is an independent unique blockchain developed by Telegram and maintained by the open-source community
📌Transactions in TON are among the fastest and cheapest among all blockchains.
Pros towards buying Toncoin:
📌Fame of the coin (Durov had a hand in the creation, he also openly promoted it for the first time before the new year, a huge advertising company, the media is on top)
📌Number of users (Only one ru community is already more than 200,000 people and is constantly growing, there are users, there is an increase in price and demand for the token)
▫️Listings on exchanges (there have already been listings on several large exchanges, if Binance lists a couple of X's, it should arrive)
📌Popularization of mining (5 billion TON coin tokens are placed in PoW Givers smart contracts. Givers distribute coins at 100 TON coin for each successful calculation. Mining is now used to receive TON coin from smart contracts. PoW Givers have a limited balance, which gradually dries up , users will mine all available tokens.Limited quantity = gradual increase in price).
📌 There is a global idea and this is not a meme coin, which pleases. has its own approach to the user, a development plan, NFT goodies, airdrops and other amenities.
Decentraland (MANA) sending mixed signals for AltsMANA 1D has been forming an ascending triangle in downtrend as opposed to the more common formation during an uptrend.
To form this pattern you need an initial rally where price action begins to consolidate between a flat resistance point and rising support trend line before continue on.
Unlike in an uptrend, when the ascending triangle pattern develops during a downtrend it’s more likely to signal a reversal than a continuation.
Very rarely will the pattern form perfectly and in the current market conditions we have seen many fake outs and overthrows across most coins so always look for confirmation.
How to trade this pattern:
Go long on resistance break out but only after confirmation.
Go short on support breakdown but only after confirmation.
With that being said it's seems more favorable for the bears that we would see a breakdown of support as the prevailing trend is downward and can often lead to resistance holding. With pattern trading or candlestick patterns its always wise to use another tool for confirmation of your analysis. Something such as the RSI can improve your odds of succes.
Ascending Triangle Pattern on MANAHello guys today i saw an interesting Ascending Triangle pattern on MANA , it will be a good setup.
wait until break out between 1.0500 and 1.0700 , the open your short position after first candle.
the target is 1.0000 , you can close 50% of your position and risk free that.
remember funda analysis before opening a position.
it's just an idea , always do your research and analysis.
don't forget to follow and boost this idea :) thank you.
MANA long term opportunityChart analysis is simple, it has the potential to simply follow the ascending channel. I don't publish the wave analysis for the sake of clarity but may 22' indicates the end of 2 years cycle. A strong downward breakout invalidate the pattern but chances are low. I think Decentraland (MANA) is a well established crypto project, it has real utility but right now is undervalued. MANA has an established metaverse and far more succesful altcoins are promising a metaverse... I can't see strong reasons to this project falling into oblivion.
When market gives us worries we need to HedgeHi everyone,
so market is taking another turn and we need to act and react.
Do we panic and sell all our spot? Well if you think yes then you must have already paid the price a few times and haven't learned yet. Needless to say that if you are in this category you probably didn't take profit either when you should had. That's what happens to most, yes.
In this cases one can think like this:
Leave my spot intact and cover my exposure with a short position on some assets.
Look for a chart under resistance and plan accordingly.
Hope you like the chart.
One Love,
The FXPROFESSOR
For me that chart now is Mana.
MANA/USDT: Bullish reversal tentative - 1,20 to watch---- Mid-term Analysis for the next coming 4 weeks to 3 months - Based on Daily Chart -------
MANA/USDT: Bullish reversal tentative - 1,20 to watch
Context
- The Global Crypto market leads by BTC and ETH reversed a new bullish trend - BTC and NFT/METAVERSE COIN remains in underperformance versus ETH.
- We are watching at 1,20 to bypassed to extend the bullish recovery in progress
Market configuration
- Graphical Elements :
Graphical support = 0,99 & 0,7990
Graphical Resistance = 1,20 & 1,95
- Mathematical Indicators:
EMA ( Exp Moving averages) are support at 0,99 = Bullish
RSI indicator (below) is now above 50% with room to the upside = Bullish
- Elliot & Harmonic Wave (Fibonacci):
A last drop to draw the wave (C) B is now completed - the market is now bouncing off in recovery
Fibonacci resistance of the wave = 1,20
Fibonacci bullish wave target at 1,95
Fibonacci bullish wave support at 0,7980
Fibonacci bearish wave target at 0,5940
Conclusion
Prefered case => As long as 0,7980/0,99 remains support a larger recovery towards 1,20 is expected with strong conviction, only a break above 1,20 will open a direct recovery potential towards 1,95
Alternative case => Breaking 0,7980 a new bearish attack towards 0,5940 will occur
MANA- Nice Breakout 🍄Market becoming Bullish early this week as you have been informed:
I think this time is ok to FOMO:
US printing money to fight inflation.. take a wild guess what that can do to Bitcoin (🚀🚀🚀🚀).
BTC Technical analysis:
Still in ascending channel . The Top (resistance) is just below 25k . I see 70% chances of breaking over the channel and off to 28k Resistance (our first target as given few weeks ago).
Watch the video and take a look at THIS:
After the Falls we naturally get a lake
I think it ended up being Perfect.
One Love,
The FXPROFESSOR
MANA- Market is weak, we need to HedgeMANA is my selected Short for the day.
Close to 1.0860 Resistance it's ideal (to me) for a short position with SL over 1.10
At the same time check my previous posts/ideas for my other set-ups and most importantly look at this:
Mondays are Red🩸 Ends are Weak💤 Yet we Rise✔️
We might as well have patience and yes: the market will most likely continue to rise but not on a straight line.
DYOR and learn how to trade: it does pay out eventually.
One Love,
The FXPROFESSOR
MANA Breakout of Inverse Head and Shoulders to 1.33 Area?MANA has been building market structure during the consolidation over the last 2 months and looks ready to breakout with the Stochastics reset on the 8h timeframe. A number of coins have had these breakouts but MANA finally looks ready for potential 36% swing on this trade. Not financial advice, DYOR.