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Mana

The chart said Bullish for MANAHi guys! I hope you guys took advantage to buy some more when it was dipping in the past 6 days. With the previous history data for the MANA chart, All bearish downtrends with a breakout would most likely guarantee a strong bullish movement to break the previous ATH. If the previous ATH is at $4.9, the MANA price would drop as low as $2.2 which is 55.1% of the original ATH and a strong Bullish movement started to take shape as we have seen in 4 consecutive movements (1,2,3,4). The Current ATH is $5.89 which would lead to a drop to $2.5 which is a 57.6% drop from the original ATH. This is way lower than the percentage of the previous drop which was supposed to be $2.8 (the RSI shown unprecedented bottom in red circle). I think this is caused by the BTC effect, which would facilitate the dip back to the original affordable range for more accumulation within 1 bearish movement instead of 2 movements. The question here is that would the market psychology agree with this flash crash or would it require a longer sideways before it can break the trend? Most likely I think it has already broken the trend, however, we still need to see the leg of this parabolic curve (labeled yellow). If the leg is much lower than the $3.3 then most likely the trend would try to retest the $2.8 range which is correct with the trend without the BTC effect. However, if the leg is much higher than $3.3, then we are most likely seeing a very strong breakout for the next Bullish run! Remember to be fearless when people scare and be scared when people are greedy! This is not financial advice but my perception of the current market movement!
Long
by Haizsama
MANA - why the drop happened?It's Black Friday coming to the market today. A lot of coins lost more than 10% in just a few hours. So many people were asking when to buy MANA and SAND. On our platforms, we warned against buying these coins. At the very top of the chart, a head and shoulders reversal pattern was formed. Behind the rules, opening a position after a breakdown and the target is equal to the height of the head. Based on the rules, the price can reach the lower liquidity area. 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.
Short
by Yuriy_Bishko
21
MANA looking bullish. $5 next.Hello all. There is no significant change in mana chart since my last update so i will keep this short. You can read more in my previous post attached below. Looking at MANA on daily chart, the stochastic rsi is in the over sold territory which is a bullish sign. Mana trades inside the ascending channel and can retest the top of the channel (resistance line) at around $5.9 which was is the current all time high. Mana also manages to remain above the previous high over $3.5, and also above the 50 day EMA. Candle wicks indicate that mana gets bought once it tries pushing below $3.5.This means that mana found strong support at $3.5 and right at the 50 EMA. Mana will reach $4 this week due to the bullish sentiment i see in the market. Check out the link below if you missed the drop. Thanks for reading, and stay tuned. Enjoy.
COINBASE:MANAUSD
by EdgarTigranyan
4
MANA Bearish and be fearless when people scareWith the Houbi and recent ban of crypto in China, MANA price is being affected and might go bearish for quite some time. I suspect it can drop as low as $2.4. Again, it is not the problem of MANA, but I think it is the effect of BTC dropping and potentially dropping further if BTC is going sideway. This is a good opportunity to keep buying as the price goes down ward further to maximize the token number for the next bull run! This is not financial advice!
Long
by Haizsama
1
MANA - Double Bottom W PatternI waited a bit with posting MANA also considering the developments of last weekend. But situation is as follows. Until the end of November, the Bulls has pushed the price considerably higher which we can see in the uptrend channel. As is known, the bears have recently indulged themselves. the bears came on the scene and stepped out of the trend channel and actually a Falling wedge was created which has brought a downward result in recent days. There, the bulls managed to absorb around $2.5 dollars and bring the price back above $3.25 in a short time. Support appears to be holding at USD 3.25 for now. So from that perspective it can go two ways. - if the bulls keep this zone, it is quite possible that a double bottom or W formation can be formed here. The ADAM formation there often has a peak as the wick shows and the EVE formation within the W pattern is often round. The story is that a larger volume decline at ADAM would suggest a good development in the upward price action. - but if we lose the $3.00 then a further decline towards the $2.5 is quickly there again. Keep calm, Do your own research! trade safe and manage your risk. (Disclaimer: This is not a Financial Advise) Dont forget to upvote or leave a comment ;-)
by Tims.Technische.Analyse.
MANA back in the falling wedge after big drop!Here's a quick Look at MANA 4 hr chart. As we can see, the price broke down from the falling wedge , due to the drop in BTC price, but is now back in the same falling wedge! Keep an eye on this falling wedge! The best entry would be, when the price breaks above 4.25$ with good amount of volume . ------------------------------------------- The idea is: Buy when the price breaks above 4.25$ and take profits at the levels shown in the chart. Targets: 1. 4.65$ 2. 5.2$ 3. 5.9$ ------------------------------------------- What Is a Wedge in the context of trading?: "A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts. Key Takeaways for Falling wedges: 1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods. 2. The patterns may be considered rising or falling wedges depending on their direction. 3. These patterns have an unusually good track record for forecasting price reversals." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
by MBM_Crypto
6
₿ SOLANA 1D ₿ : 04.DEC.2021 : $SOLAppealing price ranges for long-term investment and HODL in #SOLANA : 150$ - 180$ Important support and resistance ranges are marked on the chart and everything is clear ... Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 04.DEC.2021 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
1
₿ Decentraland 1D ₿ : 04.DEC.2021 $MANAAppealing price ranges for long-term investment and HODL in #MANA : 2.5$ - 3.3$ Important support and resistance ranges are marked on the chart and everything is clear ... Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 04.DEC.2021 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
₿ CARDANO 1D ₿ : 04.DEC.2021 : $ADAAppealing price ranges for long-term investment and HODL in #Cardano : 1.2$ - 1.5$ Important support and resistance ranges are marked on the chart and everything is clear ... Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 04.DEC.2021 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
$7 MANA still in playHello all and happy Friday. If you missed my last mana update and the trade setup, make sure you check the post below. Looking at MANA on the daily chart we see that we are above the 200 EMA and also found support on the 50 EMA. (Both are bullish indicators). The dump last night only played in our favor as it triggered all buy limits which we set according to the previous mana update. Currently the stochastic RSI is in the over sold territory (Daily chart) which can push MANA price back inside the descending triangle. I am looking to have a daily candle close above $4 which will keep us inside the descending pattern, and also above the previous ATH. Closing around $4.3 or inside the Fib golden pocket at around $4.7- $4.8, will be extremely bullish for MANA, and for the short term we can see $7 price target which sits at 161 fib level. This will be a 100% profit from the current price. Thanks for reading and stay tuned. Enjoy.
COINBASE:MANAUSD
by EdgarTigranyan
6