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MANABTC

Per Request: $MANA is Quite Slow MarketMANA is quite overvalued i think. Because it has 2.6+ billions total supply and 1 billion on the circulating, ranked as #80 on the coinmarketcap at the current moment. This token engaging in virtual reality industry. I barely know, this such thing can be so stabled even on the bear market. And Wow... it listed on many markets more than I expected. 46 markets, huge. Why am I so surprised. Upbit, Bittrex, Binance, Huobi, OKEx and the rest, wow I should've found this from the beginning. It just out of my radar. Started out from only one hundreds plus before the December 2017, now it's quite "Stable" above thousand sats-ish. Mana chart is not something that i really love if i'm a swing or day trader, less volatility means less up and down, means less chance to get a huge profit. If you're a vision investor, MANA could be one of your choice. Support should be around 929 - 839 sats. You can put buy other right there. or 1000 - 1050 sats are also fine. Target? 1760 to get out of my initial capital and let the rest riding. If all of these ideas I posted helps you just give me thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
by blockchaindedi
6
MANA AnalysisLooks like a nice support on the 1.616 fibonacci line and also the 234 moving average, it is now near the end of the full wave cycle so i believe an uptrend is likely as we approach the end of the year. MANA has historically performed better than a lot of alt coins while having a lot of volatility which is great if you prefer stormy seas! Disclaimers, not intended to be financial advise, not an expert. I am holding a little mana at the moment but only after seeing the chart. Biffy
Long
by Biffy
Virtual reality rules! =)This post is not a prediction or instructions for trading but rather a thought about MANA and what stands behind it, illustrated by a day chart with a beautifull uptrending parallel channel. Just closing to the end of its cycle and swing and getting ready for a new one. I've been trading MANA since this project only appeared as I saw a great potential in it. Surely you know that virtual reality games have a long history. First started as browser games (I've played one for several years) which already had large amount of real money invested by players in all sort of ingame items giving them some advantages over those who don't invest. These "pictures" could cost several thousands dollars each. Maybe more. Than virtual worlds progressed to 3D engines sucking in more and more people. Did you know that there is a game Entropia Universe (space MMO) where planets and buildings were bought for hundreds of USD and sold for millions? Nice profit, isn't it. And that were games not based on blockchain where ingame financial operations were kind of complicated. Now we have Decentraland. A whole new ecosystem that will have so many investment and cashback opportunities with so easy and transparent currency exchange that I can't see any other way for MANA but UP. Imagins buildings, businesses, casinos and so on all working and bringing real profit. People already bought all land lots and now reselling it to each other with prices going higher and higher. Soon there will be appartments, cars, clothes and all other stuff requiering MANA to get it. So people will need more of it. So back to chart. Right now MANA is under descending trendline that should be crossed sooner or later. The qestion is only where is the best entry. Frankly I have no idea =) price is almost at its bottom before the next swing up but this bottom may go lower to 1450-1500. So I'm watching and advise doing the same. Don't be tricked with FOMO. Its never late to get in this coin. Good luck with your trades!
Long
by WiseAnalyze
2
MANA can bounce in the 200 EMAMain Scenario: Despite having lost -4.53% in the last 24-H MANA has been held by the 200-EMA in this 4-H chart and if it manages to bounce back we could have a long entry to look for profits of at least 3% trying to find the Fib Retracement of 50% of the last descent; The indicators are oversold and pointing up, we could possibly see a pullback in the pair and the start of a short uptrend. Alternative Scenario: The price could cross the Pivot S1 and continue looking for the next support at 0.00001511. Entry/Stop Loss/ Take Profit: We can go long if the price manages to cross 0.00001580 with 2 targets T1 = 0.00001631 (3.2 %) T2 = 0.00001675 (6.0 %) The Stop Loss can be placed at 0.00001517 (-4.3%) Duration: 1-2 Days Consolidation/Ratification level: If the price crosses the first target, you can drag the stop loss to the entry point. Warning Level: A further drop below the Pivot S1 will invalidate this setup. Risk Management: Risk/Reward Ratio: 1.48.
Long
by Forex_Academy