Mana
GALA: major TRENDLINE breakout! Possible scenarios!Gala Games (GALA) is a popular gameplay project. Like 99% of the cryptocurrency market, GALA is in consolidation.
Price is squeezing to the global trend line and may break out soon. In case a manipulation happens (stop-loss collection, false breakout) as shown on the chart, this is a good opportunity to open long positions.
Targets:
1. $0.21-0.22 (short-term)
2. $0.245-0.25
Be sure to keep an eye on Bitcoin. If it shows strength and starts to rise to local highs, all altcoins will starts to PUMP.
Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Possible rising for MANA The kumo cloud is thin then we can see a strong trend
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there is a huge space around lagging span
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The base line has been flat for a few days
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The distance between price and base line is less than 300 pips
MANA trend follow shortPrice broke below very important area of support around 2.20 - 2.24 with an impulsive candle. Price then retested support turned resistance with a bearish flag, broke trend line with a high volume bearish engulfing candle on the 1h chart.
Stop loss: above resistance, recent highs
Take profit: at 1.5 fib extension level, acts as level of structure to the left
Short $mana Decentraland $Mana (Decentraland) is in a long downward trend against USDT, towards -99% in my opinion
My thesis is built upon stalling user activity; stalling "metaverse narrative"; poor in-game experience (in my opinion); bearish tokenomics
I'm SHORT as follows:
Entry: 2.638
Liquidation: 3.099
Leverage: 5x
Margin(USDT): 1269.67
Take Profit @ 2.060
MANA/USDT BINANCE H1 Falling Wedge (active) [Decentraland]MANA/USDT BINANCE H1 Falling Wedge (active)
A Falling Wedge is activated
Targets are displayed as green horizontal rays
Longterm, Midterm and Shortterm view Fibonacci Retracement Levels are displayed as horizontal lines
Historical Monthly Highs and Lows are displayed as horizontal lines
This Pattern is part of a bigger bearish pattern, see active Bearish Pennant
MANAUSDT -- 4HHey guys
It is time to invest in some coins and tokens according to their technical and fundamental conditions.
here is the third one I have orders according to the key levels shown in the chart.
DYOR!
This is my idea. not a financial advice.
like and share and comment the coin or token you want me to share my technical point of you of them
Good luck
MANA/USDT by CryptoTradersWWPrice is reaching the falling triangle's apex, indicating that a substantial move is on the way.
With a pattern like this, it's critical to stay neutral until we see evidence of a breakthrough.
Below the $2 support, there is a large hole, which might lead to a rapid decline if this level is lost as support. The bulls will have to work a little harder to invalidate this bearish pattern and take out the previous lower high of $3.48.
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Thanks and Happy Trading!
GALA, is this a trap for traders? Look at this!Gala is now in the big triangle. On the 30m timeframe we can see uncertainty and price consolidation. When to open a trade?
1. Globally, we can expect an uptrend move. Bitcoin and Ethereum are renewing their local highs and are still showing strength.
2. When the triangle breaks down, traders who opened LONGs will become fuel for a move to the key $0.25 level!
3. After a false breakdown you can try to open a long trade, but we must see large volumes! Now traders who opened short trades can become fuel for growth as the market is still BULLISH!
Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.