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Mana

MANA, false breakout as a good selling opportunity!A key level can be identified on the MANA chart. The price broke through this level, but immediately closed below this level. This is a false breakout. You can also note the large volume at the top. This is a negative signal. Therefore, a false breakout can be a good opportunity to open a sell position. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
by Yuriy_Bishko
10
Minor retrace to support?This chart reviews how we got to where we are today. The Inverse H&S reached its target then dropped to the Fib .382. I put my buy at the .5 Fib. slightly panicked, all for not. From last week's low to the .382 Fib, a new baseline has been drawn. MANA has formed a symmetrical triangle and broken out and is forming a smaller one now. There could be a short-term trend change forming in a bearish ascending wedge (BLUE) that would have a target, not coincidently, at the RED support line. I am keeping an eye on 3 moves. 1. breaking the upper BLUE line and continuing with the ascending channel...or failing and returning to RED line, wherever that may be. 2. breaking the lower BLUE line, finding support at the lower GREEN ascending channel and continuing higher. 3. breaking from the small triangle that is forming with a target of $2.50, which, not coincidently, lines up with the center of the GREEN ascending wedge. 4. This is not financial advice.
MLong
by keykomg
Process of Elimination...Mana moving up!Yesterday MANA was showing three potential paths upwards, all ascending channels. Now we can eliminate the Blue and Pink channels, left with the green. WARNING: Should MANA hit $2.04 before rising to $2.28ish, I am keeping an eye on a Head and Shoulders pattern that would have a target back down in the $1.80's. Kinda hopeful for that because it would make a great trade...but not financial advice because it would be, in my opinion, a very risky trade. So, I have alerts set at $2.05 and $2.25, will reassess when one of them goes off. My hunch is that there seems to be enough support, leaving wicks on lower time frames, at the bottom of the channel (around $2.10 at the time of this analysis). Good luck. The Fed. seems inconsequential for the month ahead. BTC is still flirting with the $35k range.
MLong
by keykomg
Decentraland - Just A Thought, If BTC Goes Lower (MANA/USDT)Just a thought, if BTC goes lower. Bear market until mid 2022? Who knows, but wht we do know, is if BTC drops lower, Alts will follow, with more pain. MANA is not exempt from this, Weekly: - Falling wedge - Lower support looks like it wants a retest. - Overall bearish, and papa BTC seems just as uncertain. IF BTC rallies, expect alts including Mana to follow, likewise, if BTC goes bear, so does MANA. Good short oppertunity? Perhaps.
Long
by ObamaBinLyin
MANA - Good Entry LevelsMANA chart looking Good to us. Could Decentraland Dominate the Metaverse? What does this metaverse crypto have in store? Decentraland (CRYPTO:MANA) could be a leader in the race for metaverse market share. This discussion took place on the Jan. 12 edition of "The Crypto Show" on Backstage Pass. Before you consider Decentraland, you'll want to hear this. I don't think Decantraland will rule the Metaverse but I like my chart. Remember to take profits at recomended targets and use stop losses below support. One Love, the FXPROFESSOR
Long
by FX_Professor