MANA - we have waited a long time for this ✅MANA has corrected 57% from its high. This is a rather strong correction that has been going on for almost a month now. Now we can expect at least a bounce or at best a reversal and continuation of the rising trend.
On the technical analysis side, the price has tested the big value area and has collected a lot of liquidity. Now we see that the MANA is squeezed between the trend line and the big value area.
When to buy?
- On a breakout or a retest of the trend line.
- In case of a false break-down of the $2.5 level.
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.
Manausd
Long MANAUSD - Elliott impulsive waves phase 3 BULL-RUNWe are finally in the third impulsive Elliott wave, we had our bottom during the phase 2 correction towards $2.9. There is still time to get in on the MANA !
Entry Price: 3.81
Target Profit: 7.19 (+89.3%)
Stop Loss: 3 (-20.6%)
Risk / Ratio: 4.32
Personal Entry : 3
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GALA and MANA - Buy both with these TP/SL on Christmas!🎄🎁🚀GALA met 1H Vegas tunnel strategy.
MANA met 4H Vegas tunnel strategy. (at blue arrow)
Time to buy them with TP/SL as charts.
Also, 🎄Merry Christmas and hope you have a great profit here!🚀
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If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
Ethereum facing resistance * Ethereum in Daily time frame appears with Symmetrical triangle pattern
* Symmetrical triangle is considered to be either trend continuation or trend reversal pattern depending on the breakout.
* If the price breaks the above trendline of the pattern, we can expect bullish rally till the following levels
MANA: Descending Channel & Accumulation ZonesSupport Zone #1 has been tapped multiple times, with wicks between $2.82 - $3.06. This is a strong accumulation area.
The only way Support Zone #2 gets hit, in my opinion, is if BTC dumps hard.
Once MANA breaks bullish above this descending channel, then we can expect resistance in the low $4 region. In the coming months, I expect MANA to revisit the previous ATH and pass $6.
This is not financial advice. These are just my ideas and opinions.
MANA is going up from here! BINANCE:MANAUSDT
Mana is surely need to go up from here, and can only fail if BTC truley falls into the bears hands.
we have:
1. 68% on the fibonacci level acting as a support over all when we zoom out. a strong clue that the big picture bull run is still in progress.
2. bulls triangle with a breaking green candle with nice volume.
3.visible divergance on the rsi indicator indicates a short term trend reversal.
4.clear resistance levels on the volume profile indicator that can easily act as support if we are moving over allthough we need to track carfully those spots. may be a rejection, take profits smartly.
5.clear and nice cross on the macd indicates a possible trend reversal.
6.100 EMA golden cross.
7.reversal breaking EMA's of the vpvr indicator on the 4H chart.
take profits level are : target 1 - 3.6 target 2 - 3.9 target 3 - 4.6
too much signs for it to fail although crypto s truly sometimes unexpected, calculate your risk wisley.
"not a financial adviser" "only an idea"
Short-term reprise?Before we get into the baby inverse head and shoulders, I feel good that the squeeze is starting with maybe another little drop to low $2.90's. Just an end to this madness feels good. I've read a lot about lower numbers and I just don't think MANA has the historical data to make any big calls like that. Therefore, I'm just analyzing its movement throughout the day and then looking at a multi-day picture... I'm not convinced that $3 wasn't the bottom, and if it is, it would make sense to double bottom after hitting $3.45, the target of said baby inverse H&S. I love it when numbers add up and 15% above the bottom of this pattern brings MANA exactly to the frequently visited $3.45 mark. Furthermore, BTC is looking slightly better. This week's been a $#it show so be careful and know these are just ideas and not financial advice.
MANAUSDT - is ready to pumpBYBIT:MANAUSDT
1H trend chart
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MANA is building a possible double bottom and already broke the trend line.
Also, neckline(orange line) is going to be taken out now.
If price can keep standing here, trading strategy as below.
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Profit Targets:
a) 3.2785~3.3035----Fib(1.272~1.382)
b) 3.3295----Fib(1.5)
c) 3.4420----Fib(2)
Stop losses:
a) 3.1020-----Red horizontal ray
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If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
MANA fight BTC to keep the marginIt is what it is. The MANA has been fighting hard against the BTC effect and still keeps above $2.8 showing the MANA is recovering fast. However, the BTC recovering at in much faster pace compared to MANA. This means the movement average of MANA is much weaker than BTC in general. It is this time of every cycle where Altcoins are starting to bleed to BTC. All I can see is accumulate for the next bull run after BTC consolidate!
This is not financial advice!