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Mana

MANA: Short term BullishWho knows how the markets will respond to the Fed on Wednesday and Friday this week? It doesn't have to make sense. Inflation should have bolstered crypto because it's inflation-proof by design...but that didn't happen last year. This just means, for me, I will keep a close eye with tight stop losses. MANA is currently set up to at least revisit the resistance of the ascending channel (green), around $0.82. Following its rejection at $0.81, MANA has consolidated around the middle of the channel and is showing strength as it follows support (red dashed line). It may retrace back into the channel before heading higher to the low-mid $0.90s. The MACD isn't horrible and beginning to tilt upwards to cross into bullish territory. This post is not financial advice.
MLong
by keykomg
MANA can also decrease to the support If more negative reactions to the resistance levels are observed during this week and selling pressure increases, MANA can also decrease to the support range of $0.5317 by breaking the bottom of the short-term ascending channel. Negative divergence has also been observed on the RSI indicator, which could be another warning sign for a price correction. Among the important resistances of MANA, we can mention $1.05, which is one of the strong reaction levels.
by MonoCoinSignal
4
$MANA/USDT 12h (#Bybit) Rising wedge breakdown and retestDecentraland looks locally topped here and seems likely to retrace down to 200MA / ascending TL support. ⚡️⚡️ #MANA/USDT ⚡️⚡️ Exchanges: Binance Futures, ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (2.3X) Amount: 6.5% Current Price: 0.6955 Entry Zone: 0.6975 - 0.7465 Take-Profit Targets: 1) 0.6070 2) 0.5205 3) 0.4340 Stop Targets: 1) 0.8180 Published By: @Zblaba Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +36.6% | +64.2% | +91.7% Possible Loss= -30.6% Estimated Gain-time= 3-4 weeks Website: decentraland.org
Short
by TradingOn
Short-term bullish channelMANA has increased in price by more than 16% in the last 24 hours. The buying pressure that has arisen has caused a new ceiling to be registered again in the daily and 4-hour time frames. Given that the price is in a short-term bullish channel, as long as the bottom of the channel holds at the $0.70 support area, there is potential for MANA to grow further and reach the next target range, which is $0.83. But higher and more important resistance is considered at the $1.05 level, which could be a more serious and important supply area.
by MonoCoinSignal
3
MANA: Slow but Steady ConsolidationSame chart as two days ago...still consolidating within range. As much as it is following the parallel channel(s) for a bullish scenario, should supports fail, the bearish M pattern is still on the table. Just below $0.81 and again at $0.91 will bring resistance should MANA break higher. A drop below $0.59 would invalidate the C&H. This is not financial advice. Keep an eye on the price. Apple news is always great, but they will ultimately do their own thing...because that's what Apple does. Do you own VR products or just trade? Adoption is key...consider investing in some hardware.
M
by keykomg
1
MANA: Pullback in UptrendDecentraland (MANA) technical analysis: Trade setup : Price broke back above $0.42 and $0.60 key levels, and above 200-day moving average, with robust volumes, which are indications of bullish trend reversal. Pullback near $0.60 support could be a swing entry in Uptrend. Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $0.60 (previous resistance), then $0.42. The nearest Resistance Zone is $0.75, then $1.00.
Long
by altFINS
1
MANA $1.20 boundMANA broke the resistance of the macro descending channel (orange) 4 days ago and is currently still above that zone. Although there is a potential 'M' pattern forming (red), there is tremendous support all the way down to $0.59. I think the latest momentum and industry growth leans toward a more bullish scenario. Although these are simply my views and not financial advice, I believe MANA is going to follow the micro descending channel (aqua) as part of a greater ascending channel (green) as it completes a cup and handle pattern that began November 4, 2022. Should MANA break below these channels, in favor of the M pattern (red), I would expect the price to dip back to the $0.30 area.
MLong
by keykomg
MANA: Approaching ResistanceDecentraland (MANA) technical analysis: Trade setup : Price broke back above $0.42 and $0.60 key levels, and above 200-day moving average, with robust volumes. Trends have reveresed to an Uptrend. Now approaching $0.75 resistance and is overbought (RSI > 75), likely to pull back some, before resuming uptrend. Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish but extremely overbought. (MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance. Support and Resistance : Nearest Support Zone is $0.60 (previous resistance), then $0.42. The nearest Resistance Zone is $0.75, then $1.00.
Long
by altFINS
🔥SOL IS UNSTOPABLE: WHERE TO OPEN A LONG TRADE AND MAKE +40%?🔥Hi, friends! Do you remember how many FUD we hear at $8-9 lows? This is another reason to not listen to the news, trust your trading strategy and me, of course. Now Solana made +200% from its lows and needs time to accumulate power before the growth. Here is my trading plan for Solana. 📊 TRADING PLAN FOR SOL: 🔥 return to imbalance (yellow area) and it's a partial close 🔥 false breakout of the $20 key level (red round) 🔥 volume growth 🔥 bullish BTC 🚩 The squeeze to the trendline could be also a good entry point, but in this case, pay attention to BTC and the false breakout (long traders trap). ✅ THE MAIN TARGETS FOR SOL: 🔥 $24-25 - the order flow 🔥 $28-29 - the order flow 🔥 $39 - the key level Do I have followers who bought Solana at $8-10? Let me know in the comments! Traders, it's important to use sl during a such volatile time. Be careful and stay tuned to get more profitable updates! 💻Friends, press the "boost"🚀 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.
by Yuriy_Bishko
6
Decentraland MANA showed good growth, but may be a correctionFor more than a year, the value of game tokens has shown perhaps the most painful fall. But with the chiming of the chimes on New Year's Eve, MANA buyers started aggressive purchases, which caused a huge price increase. At the time of writing, the value of MANAUSDT has increased by +166% in 17 days. In parallel, the value of other popular tokens from the gaming industry is also growing aggressively: GALA, SAND, even AXS and SLP (the value of which began to fall even before it became "mainstream" in the crypto market) For most of these coins, we made ideas, if you are interested, then search in our profile. Now the MANAUSD price has entered a strong liquidity zone of $0.70-0.80, which, in our opinion, will not be possible to break up the first time. Therefore, it is worth taking into account the possibility of fixing profits at least on part of long positions, because a rather strong correction to the region of $0.42-0.48 may occur ahead. If the possible price movement is sorted out, then the next question remains a mystery: "What could have revived interest in game tokens so much?" Please write your answers in the comments below the idea _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
35