Decentraland (MANA) Also Recovers... Chart AnalysisWe looked t Decentraland (MANABTC) very recently, on July 21st, shared below...
Now, after a strong shake out, prices are starting to recover.
The same view as below remains... We are looking bullish above EMA10/50/100/200, MA200, and bearish below.
MANABTC is likely to continue growing if the daily candle closes above the blue trendline marked on the chart above.
For additional details/analysis... Click on the image below.
Previous chart from 21 July
Thanks a lot for your support.
Namaste.
MANABTC
MANA/BTC (Pattern Breakout)MANA/BTC
-the ascending pattern broke to the upside
-now the priority of trading is up
-entering a position at the current price is aggressive
-while waiting for the pullback retest is less risk
-either way of trading approach, use proper stop loss
-your target is the recent top resistance at 697 sat
-this uptrend will be invalidated if the price will go below 200D MA
Decentraland Ready Crypto Signal [MANABTC](227%)Here we have a full trade signal for Decentraland (MANABTC).
First shared in late March and now getting ready to move.
Wishing you great success & profits.
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Trade: Decentraland | MANABTC
BUY: 0.00000380 - 0.00000420
NEXT SUPPORT: 0.00000320 - 0.00000340
TARGET:
1) 0.00000545
2) 0.00000610
3) 0.00000700
4) 0.00000790
5) 0.00000850
6) 0.00000945
7) 0.00001200
8) 0.00001340
PROFITS POTENTIAL: 227%
(Buy calculated at 0.00000410)
STOP: Close weekly below 0.00000280.
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This is not financial advice.
Thanks a lot for your continued support.
Namaste.
MANA/BTC Symmetrical Triangle Breakout! Ichimoku Daily AnalysisIf you like my ideas and the work I do, please check out the links in the signature and give me a like ;).
MANA had been forming a symmetrical triangle in the last couple of weeks since it had the first push up.
It now bounced off the Pivot and broke through the top of the Triangle and through R1. If it now finds support on top of the Triangle the trend is confirmed.
On the Ichimoku the Tenkan ( Yellow Line ) Bounced off the Kijun ( Dark Blue Line ) which means it's trading above it and this is a confirmation of the bullish trend.
The RSI shows a slight Bearish Divergence and is somewhat overbought, so I do expect it to come down a bit at least to retest the top of the triangle as support. And there we can see if it holds and get a good entry point.
$MANA Huge Upside Potentital
Looking at $MANA (Decentraland) on the daily timeframe
Again just like most to all other altcoins, MANA has been in accumulation. However, this coin looks sort of like the $THETA coin that just had it's parabolic rise of over 1000% and news articles covered it
By saying this I mean $MANA has been in accumulation for almost a year now
The longer the accumulation period, the higher the price will slingshot up
Accumulation zone is 366-439 sats, wide range yes I know. Clearly marked out levels on the chart so you can easily eyeball the moves that are about to take place.
I tried entering at just under 439 sats but got stopped out with a tight SL, waiting on re-entry
1st distribution target is 580 sats
2nd distribution target is 751 sats
Unlike Ravencoin and MATic network, I sort of have a clue what MANA does as a coin. It runs on the Ethereum network as an ERC-20 token and Decentraland is a virtual game where you can own shares of the land all tokenized on the blockchain
Please be patient with this coin, this is a daily timeframe so don't expect the price to yeet in price the second you buy it screaming Mclaren mclaren.
MANA - preppingSupport, momentum, breaks. A little more resistance. Considering the breaks so far, could bold manually buy now. Or wait for little higher confirmations to be safe, but have buy order pickup ready above 512 or 542 . Needs to be automatic order, because to hard to watch and time, breaks are fast.
MANABTC: Swing longIf you don't believe bitcoin will plummet to 6200 - MANABTC has a good chance to earn some cash.
R:R for me looks good, growth potential is decent. Invalidation if we lost 5% on this trade, in this case, the fall should continue to 280 satoshi and below.
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Information is just for educational purposes, never financial advice. Always do your own research.