BITCOIN on TrendLine SupportAccording to the chart is in the important range of dynamic support trend line. If this line is broken, we will see more falling trend. And if this range is maintained, we will expect the trend to return.
If the line breaks, the analysis process will be updated.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
Mana
[ALTCOIN] MANAUSDT FALLING WEDGEHello, everyone
We're a team that specializes in chart analysis
We will always analyze and provide you with charts to help you sell
There are so many trading laws and there are so many good technologies that come with them, but I'm confident that the trend line is really strong.
If you read the point of view and get to know the line, every line will adjust
Thank you.
------------------------------------------------------------------------------------------------
Chart Analysis Content -
FALLING WEDGE
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
#MANA/USDT 1HOUR UPDATE BY CRYPTOSANDERS Hello, community members welcome you all to this MANA/USDT 1hr chart analysis.
mana/usdt1hour analysis and cup and handle complete and buy green zone.
leverage:-5x to 10x leverage
entry:-$1.11,$1.16
target:-60% to 80%
stoploss:-0.9910
Remember: This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade...
happy trading...
thank you...
MANA Took an Early Recovery on the Support Level Price recovered from the decline very early from the support formed. Here we can see that price move back inside the lower boundary of structure while this has a chance to reverse one more time before the lift off. A bull requires a bullish breakout to be confirmed first on the resistance formed.
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.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
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.