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Mana

MANA Bulls say, "No."In an update to yesterday's analysis, MANA chose my first route down. On a good note, it didn't create a rising wedge? I'm just kidding. With all that is going on globally, the economic trends are sentiment-based, day to day. I do think sellers are just as hesitant as buyers are right now. I am sitting tight. I'm lucky I placed my stop loss low enough at $2.49 because it came within $0.02 earlier today and has since posted some long candles of support at the lower trend line. The fact that there were several attempts by bears to sink it below the micro pink ascending channel, the bulls defended it well, in a positive direction and geometry as it continues to swing upwards. The MACD failed to turn positive in its last attempt, earlier today, and is just now making another attempt. I think there will be more or a chance this time given all the wicks and strong support bouncing off a major support line. Then again, Putin shot missiles at the largest nuclear power plant in Europe so who knows...wtf? On a good note, although there is a lot of uncertainty, in the coming session MANA only needs to break $2.92 to rise above the macro descending channel (Orange) from the last ATH whereas yesterday, it was $3.03. I'm still kidding, but this is actually a huge deal. In theory, MANA can break out of the downtrend simply by continuing to consolidate in the current range for the next couple of days...and that's also a statement of the length of the past 3 months of consolidation...for a whole quarter...and that's how crypto goes. Massive increase---retracement/consolidation/price discovery---Massive increase, given more adoption/advancements/Musk tweet OR Furthur downside, given fear indexes/Fed/War/Musk tweet. Something big is going to happen in the next 72 hours. I am keeping my SL where it's been. I am optimistic that Ukraine is going to continue to resist Putin's desires, prolonging the market's indecision, and potentially creating further losses. Oh well, because there are more important things in the world than our portfolios. These are just my thoughts on MANA's current position and not financial advice. Oh, and ignore all the arrows and from yesterday and the Blue ascending channel too...except that it will probably face resistance with indecision should MANA push higher, probably around where it merges with the centerline of the Pink ascending channel?
MLong
by keykomg
MANA - Long Term / Outlook ⚪️Let's see how MANA is behaving. This is a 1D chart. (Long Term) Red area: Key resistance, which has been controlling the price since Nov 2021. Blue area: Consolidation channel Price has been moving sideways inside this channel and confirmed it as our safe price range. Green area: Essential support has been confirmed and tested. Be careful because this level is being tested again, and the market isn't strong enough. We might see it break down. Support levels: $2.1879 Resistance Area: $3.5430 Bollinger Bands can work as support and resistance too. Here is an example: The market is showing STRONG SELL volumes for MANA. Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance. The Middle Bollinger Band can push down the value, and the Lower band pushes the price up. If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point. The RSI shows that MANA is below the 50 levels, the center. If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings: Current Market Price: $2.5565 Let me know your ideas. Good luck.
by ShawnMCR
2
Decentraland Mana. Where this Metaverse Is Going?Hi Traders, here is my view for Mana on a Daily Chart. Weekly Chart is very clean, PA hit Fibo Retracements by the book. I am looking to find a way to post 2 charts in the same idea but for now I post the Daily. Price is at a major S/R, halfway between the Nov 2021 High and 23.6% Fibo Retracement Weekly support. Daily Chart PA ia at 2.70 I am Bearish if price breaks below 2.6750 and find resistance to backup. It is probable a retest of the green area and then bounce back , resuming trending up. Further down move to the 2.00 if it stay below the green area and can't hold the last lower low. Recap Solid bounce above 2.750 and I am bullish, target 3.300. Any move lower 2.700 and I am bearish. l Look for short at 2.500, first target at 2.20,2.00 then (very bearish) 1.750. I'd like to see a double bottom in area 2.0/1.80, it will be a strong bullish pattern. Please, be aware, this is NFA. Do your own research. i'm noob and stubborn
by MarkZeroj
MANA approaches crossroadsMANA is holding support well. Should the blue line break, a drop to $2.57 is imminent. If MANA doesn't break the pink and/or orange resistance, the blue ascending channel turns into a bearish rising wedge with a similar target ($2.60). Don't fret, the pink ascending channel would still be intact. I took my first tour of Decentraland today. It was about time, given the amount of capital I have invested...borderline foolish of me. That being said, I was really impressed with the unfathomable potential in the metaverse.I have a tight stop loss set for $2.49. This is not financial advice. This time tomorrow we will know its trajectory for sure. Volume is low, but a break above $3 should attract buyers. Above $3.03 could send it fast to $3.40-$3.50. Sit tight.
MLong
by keykomg
BITCOIN 1D TA : 03.02.22 : $BTCAs you can see the price is in Premium market range and it's good for sell or take your profit from the BUYING in discount market range . i expect the price to faLL to 41000$ to 41500$ range and then START a new uptrend ... that's just my idea ... (DYOR) Follow us for more analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅03.MAR.22 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
COINBASE:BTCUSDShort
by ArmanShabanTrading
14
104 months of LTCBTC price actionAs time goes on and Bolinger Bands of this chart get tighter over time, a possible significant price movement is expected, following news related to Litecoin adoption. Many times before in the history of Litecoin we did witness explosive price surges following the news (i.e. fake Walmart announcement). Currently, in the areas of ALL TIME LOWS, Litecoin presents some lucrative opportunities for patient SPOT BTC traders who follow capital management. Leverage trading at this point is rather not recommended. Incoming volatility and possibly large incoming volume might result in long shadow wicks on lower time frames.
Long
by crypto_poet
MANA, inching closer......to a break out of descending channel at $3. If TA wasn't tricky enough with the Fed. and Covid... In the grand scheme of things, Ukraine should teach us that none of this matters at the end of the day either. That being said, should technical analysis even work when the world is shittin' its bed, the Inverse H&S has a target of $3.40. I'm less impressed with MANA's hype of a fashion show than I was about large corporations and banks opening up shop in Decentraland. However, it at least is showing the world application potential. I've been to a couple of fashion shows in my day and I'm not sure I dig the avatar version over the real thing, this doesn't mean I didn't have a "thing" for Smurfette in my younger days. Good luck. Don't take financial advice from people who talk about Smurfette...
MLong
by keykomg
3